U.S. extends waiver on Russian oil | Morning Report
Our main topics today:
– U.S. extends waiver on Russian oil
The U.S. Treasury has extended a sanctions waiver allowing purchases of Russian oil transported by sea until May 16. The move aims to stabilize global prices amid tensions linked to Iran and the Strait of Hormuz.
– Serbia’s NIS also gets relief
Serbia’s Russian-owned oil company NIS received a 60-day waiver from U.S. sanctions. The exemption allows crude imports until late May while a deal to transfer the Russian majority stake to a Hungarian state-controlled company is underway.
– European mission in the Strait of Hormuz
European leaders in Paris launched a multinational effort to secure shipping routes through the Strait of Hormuz. The move comes as Iran signals a temporary reopening, while the U.S. maintains pressure on Iranian ports.
Host: Sascha Fahrbach
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