U.S. Secretary of Energy expects no reinstatement of Russian oil sanctions waivers
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"That's a broad exemption," Wright said on Wednesday. "I don't think it will be extended." After the Iran war cut off supplies from the Persian Gulf and drove up oil prices, the U.S. Treasury issued an exemption in March that allowed the sale of Russian crude oil stranded on tankers at sea. This exemption expires on April 11.
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