The US Department of the Treasury announced that it would not extend the temporary waiver of sanctions on the sale of Iranian and Russian crude oil. The temporary sanction relief in both cases lasted less than a month. US Treasury Secretary Scott Bessent stated on April 15 that the waiver would not be renewed. In Russia’s case, the exemption expired on April 11 and sanctions on Iranian oil will be reinstated as of April 19 . The shipments of crude exempted from sanctions are reported to have