US Will Not Renew Oil Waivers for Iran and Russia
Official statements indicate the United States plans not to renew existing oil waivers for Iran and Russia. This comes amidst global energy market tensions and concerns regarding the Strait of Hormuz.
Bessentโs statements come as the world is on edge over the U.S.-Israeli war in Iran, and global energy markets have been ensnarled by the closure of the Strait of Hormuz