Trump sanctions waiver on Russian crude expires: What it means for India amid US-Iran peace deal, Strait of Hormuz opening

Jun 18, 2026 - 14:00
Trump sanctions waiver on Russian crude expires: What it means for India amid US-Iran peace deal, Strait of Hormuz opening

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The US Treasury did not issue an extension on Wednesday for its sanctions waiver covering Russian seaborne oil, which expired at midnight. However, neither President Donald Trump nor senior administration officials clarified whether the lapse would result in the sanctions being reinstated.

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