The Secretary of the Treasury of the United States, Scott Bessent, stated this Friday, 24, that the country does not plan to renew an exemption that allows the purchase, without sanctions, of Russian oil and derivatives currently in maritime transit. He added that renewing the exemption for Iranian oil is also completely ruled out.
“Not for the Iranians,” Bessent told Associated Press. “We have the blockage, the oil is not coming out of the Persian Gulf and we believe that in the next two or three days they will have to start shutting down production, which will be very bad for their oil wells.”
The United States originally issued an exemption for sales of Russian oil and oil products in March, aimed at stabilizing global energy markets after oil prices surpassed $100 per barrel.
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The Treasury Department renewed the waiver two days after Bessent said at the White House that he did not intend to extend sanctions relief. Bessent explained his previous change of position and ruled out the possibility of renewing sanctions exemptions for both Russia and Iran.
“I don’t imagine there will be another extension. I think the Russian oil that is in the sea has already been largely absorbed,” he said.
*Content translated with the help of Artificial Intelligence, reviewed and edited by the editorial team of Broadcast
