Trump Lets 2 Russian Oil Waivers Expire as Iran War Fuels Supply Fears

7 articles · Updated · Bloomberg · May 16

The Trump administration let a sanctions waiver covering some already-loaded Russian crude lapse, ending a short-lived channel for purchases that would otherwise have been barred.
Two waivers had been issued since March—one in March and another after the first expired in April—and both applied only to a limited subset of Russian oil cargoes.
The expiration comes as the Iran war heightens concern over tighter global oil supplies and the risk of higher fuel costs.

Can global markets withstand simultaneous supply shocks from both Russia and Iran now that the U.S. waiver policy has ended?

What is the new global strategy to combat soaring fuel prices caused by the escalating Iran war as Russian sanctions return?

With waivers enriching Russia by billions, how will reinstated sanctions impact its ability to fund its war efforts in Ukraine?