US renews Russian oil waiver after pressure from countries dealing with Iran war price shocks

The Trump administration on Saturday renewed a waiver allowing countries to buy sanctioned Russian oil at sea for about a month, even as lawmakers accused the government of going easy on Moscow as its war on Ukraine grinds on. The United States Treasury Department’s waiver lets countries purchase Russian oil and petroleum products loaded on vessels as of Friday through May 16. It replaces a 30-day waiver that expired on April 11 and excludes transactions involving Iran, Cuba and North Korea. The...