Story perspectives

US Ends Russian, Iranian Oil Waivers, Imposes New Sanctions

4/25/2026

Summary

Story summary

The United States will end the temporary waivers that allowed purchase of Russian and Iranian oil at sea.
Treasury Secretary Scott Bessent said the waivers will not be renewed, keeping the Iranian blockade in effect, confirming the Russian waiver expired, and warning Iran could shut down production within two to three days.
The Treasury Department issued new sanctions on Mohammad Hossein Shamkhani’s Iranian oil-shipping network, expanding July 2025 measures.

1 of 1

Story summary

The United States will end the temporary waivers that allowed purchase of Russian and Iranian oil at sea.
Treasury Secretary Scott Bessent said the waivers will not be renewed, keeping the Iranian blockade in effect, confirming the Russian waiver expired, and warning Iran could shut down production within two to three days.
The Treasury Department issued new sanctions on Mohammad Hossein Shamkhani’s Iranian oil-shipping network, expanding July 2025 measures.