US Waiver on Russian Oil Expires
Analysis based on 8 articles · First reported Jun 17, 2026 · Last updated Jun 18, 2026
The expiration of the U.S. waiver on Russian oil sanctions could lead to increased oil prices and supply concerns, particularly if the U.S. decides to re-impose sanctions on Russia. However, the potential for Iran to immediately sell oil after a new deal could help stabilize global energy markets by increasing supply. The decision by Donald Trump will be closely watched by market participants.
The United States Treasury allowed its waiver of sanctions on Russian seaborne oil to expire at midnight, but President Donald Trump has not confirmed whether the sanctions will be re-imposed. This decision comes as Trump observes tumbling oil prices and the potential for increased oil flow from the Middle East following a memorandum of understanding between Washington and Tehran to end a war. The Trump administration had previously waived sanctions on Russian oil to assist economies during an energy crisis. Last year, sanctions were imposed on Russian oil majors Rosneft and Lukoil to pressure Russia over its war in Ukraine. The situation highlights the delicate balance between geopolitical pressures and global energy market stability.
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