{"id":970005,"date":"2026-05-19T02:05:27","date_gmt":"2026-05-19T02:05:27","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/970005\/"},"modified":"2026-05-19T02:05:27","modified_gmt":"2026-05-19T02:05:27","slug":"us-extends-pause-on-russian-oil-sanctions-into-june-politico","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/970005\/","title":{"rendered":"US extends pause on Russian oil sanctions into June \u2013 POLITICO"},"content":{"rendered":"<p>Bessent later confirmed the move <a href=\"https:\/\/x.com\/SecScottBessent\/status\/2056411947982115207?s=20\" target=\"_blank\" rel=\"nofollow\">in a post on X<\/a>. \u201cThis general license will help stabilize the physical crude market and ensure oil reaches the most energy-vulnerable countries,\u201d he wrote.<\/p>\n<p>The U.S. paused sanctions on Russian oil for 30 days immediately after the start of the war on Iran in February, which fueled a spike in global oil prices and inflation.<\/p>\n<p>\u201cIt will also help reroute existing supply to countries most in need by reducing China\u2019s ability to stockpile discounted oil,\u201d Bessent added.<a href=\"https:\/\/x.com\/SecScottBessent\/status\/2056411947982115207\" target=\"_blank\" rel=\"nofollow\"><\/p>\n<p>By allowing other countries to buy Russian oil, Washington\u2019s end goal is to increase global supply and curb prices for households and businesses.<\/p>\n<p>However, Bessent\u2019s announcement came as a surprise to Washington&#8217;s European allies, after he told them last month he would end the sanctions waiver after its expiry on May 16, one official from a European G7 country said.<\/p>\n<p>Ministers meeting in Paris focused on the economic effects of the war in the Middle East on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"Bessent later confirmed the move in a post on X. \u201cThis general license will help stabilize the physical&hellip;\n","protected":false},"author":2,"featured_media":970006,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5174],"tags":[1395,6178,35,2000,299,5187,1214,17791,474,36,26130,475,730,476,774,2441,839,2661,332,2663,657,49,333,771,335],"class_list":["post-970005","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eu","tag-china","tag-conflict","tag-energy","tag-eu","tag-europe","tag-european","tag-exports","tag-fatih-birol","tag-finance","tag-france","tag-giorgio-leali","tag-imports","tag-india","tag-inflation","tag-iran","tag-markets","tag-middle-east","tag-oil","tag-russia","tag-sanctions","tag-ukraine","tag-united-states","tag-vladimir-putin","tag-war","tag-war-in-ukraine"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/116598795911074219","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/970005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=970005"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/970005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/970006"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=970005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=970005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=970005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}