U.S. rules out renewal of exemption from sanctions on Russian, Iranian oil

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U.S. Treasury Secretary Scott Bessent speaks with reporters successful the James Brady Press Briefing Room astatine the White House connected April 15, 2026, successful Washington. | Photo Credit: AP

WThe United States connected Wednesday (April 15, 2026) ruled retired granting immoderate further exemption from sanctions for the acquisition of Russian oregon Iranian oil.

U.S. Treasury Scott Bessent made the announcement astatine a property league astatine the White House.

“We volition not beryllium renewing the wide licence connected Russian oil, and we volition not beryllium renewing the wide licence connected Iranian oil. That was lipid that was connected the h2o anterior to March 11, truthful each that has been used,” Mr. Bessent told reporters successful Washington.

Published - April 16, 2026 10:40 americium IST

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