US Extends Russian Oil Sanctions Break

0:00It's April 18, I'm Cory with the story, and this is Canada News Today, local news powered by AI. The US Treasury just extended a 30-day break on sanctions for Russian oil shipments to help cover shortages caused by the Iran War. This move covers any Russian oil loaded onto tankers as of Friday, giving buyers a clear window without penalties. It builds on a similar 30-day pause from March, which applied to oil loaded by March 11. After this week at the White House, Treasury Secretary Scott Besant flat-out said there would be no renewals for Russian or Iranian oil breaks, but the administration flipped course without much explanation, highlighting the pressure from global supply issues. Folks in energy markets are watching closely as this lets Russia cash in more on exports that got squeezed after the Ukraine invasion. The Iran conflict has flipped the script, handing Moscow extra leverage in the oil game right now. With the man spiking worldwide, expect more twists as leaders balance shortages against

1:02long-term strategy.