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U.S. renews pause on Russian oil sanctions (CL1:COM:Commodity)

Apr 18, 2026, 8:42 AM ETCrude Oil Futures (CL1:COM), USO, CO1:COM, NG1:COM, , , , , , , , , , , , , , By: Dulan Lokuwithana, SA News Editor
Top view on Oil-storage tank with the tanker at a mooring.

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The U.S. Treasury Department has extended a waiver that will temporarily ease some sanctions on Russian oil shipments just two days after Secretary Scott Bessent said Washington would not renew the exemption despite surging oil prices caused by Middle Eastern tensions.

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