U.S. Reopens Window for Russian Oil as Hormuz Disruptions Deepen Supply Strains

The U.S. Treasury renewed a temporary waiver allowing certain Russian crude already loaded on tankers to be delivered despite sanctions.

The decision reversed an earlier signal that the exemption would end, as shipping risks in the Strait of Hormuz continue to squeeze global oil flows.

By adding supply to an already tight market, the waiver could help curb further spikes in energy prices.

The move underscores how geopolitical disruptions can push Washington to relax sanctions enforcement to stabilize oil markets.