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World's oldest dog Bobi dies at 30 in FranceAI accounts for a quarter of recent layoffsBayern sets goal record in Top 5 leaguesWUF13 Kicks Off in BakuRussia oil waiver expires as crude stays above $100UK: Imam jailed for life for assaulting girls after claiming magical powersVenezuela Circulates Draft of New Oil Law RegulationsNew car insurance rulesEstonian minister: Weapons in Europe up to 60% more expensiveColombia candidate's 2 campaign workers killedWorld's oldest dog Bobi dies at 30 in FranceAI accounts for a quarter of recent layoffsBayern sets goal record in Top 5 leaguesWUF13 Kicks Off in BakuRussia oil waiver expires as crude stays above $100UK: Imam jailed for life for assaulting girls after claiming magical powersVenezuela Circulates Draft of New Oil Law RegulationsNew car insurance rulesEstonian minister: Weapons in Europe up to 60% more expensiveColombia candidate's 2 campaign workers killed
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ECONOMY

Russia oil waiver expires as crude stays above $100

Russia oil waiver expires, hitting India hard. Gasoline prices remain elevated at $4.50 per gallon.

Grace Lewis
ByGrace Lewis- Senior Editor
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0
Russia oil waiver expires as crude stays above $100
Photo: Prepared by Bond.az

Bond.az – The Trump administration let a key sanctions waiver expire, halting purchases of Russian crude by countries like India.

The license, extended temporarily last month to ease supply shortages after Iran's Hormuz closure, expired Saturday.

Treasury Secretary Scott Bessent had said he would not renew it.

Despite U.S. measures like SPR loans, gasoline stays at $4.50/gallon, the highest since 2022.

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