US rules out renewal of exemption from sanctions on Russian, Iranian oil

WASHINGTON: (Apr 16) The United States on Wednesday ruled out granting any further exemption from sanctions for the purchase of Russian or Iranian oil.

US Treasury Scott Bessent announced at a press conference at the White House here.

“We will not be renewing the general license on Russian oil, and we will not be renewing the general license on Iranian oil. That was oil that was on the water prior to March 11, so all that has been used,” Bessent told reporters here.