US Allows Waiver on Russian Seaborne Oil to Lapse

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The Panamanian-flagged ship Tiger Wings, carrying crude oil from Russia, is moored off the Petron oil refinery in Limay, Philippines, on April 1, 2026. Ezra Acayan/Getty ImagesThe United States allowed its waiver of sanctions on Russian seaborne oil to expire at midnight on June 17.Washington has twice previously allowed the waiver to expire in recent months only to extend it days later.

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