Overview
- Treasury posted General License 134B late Friday, allowing purchases of Russian oil loaded by April 17 for delivery through May 16.
- The license replaces 134A and bars any transactions tied to Iran, Cuba, North Korea or Russian‑occupied regions of Ukraine.
- The move reversed Secretary Scott Bessent’s pledge this week to let the waivers lapse, drawing sharp criticism from senators Jeanne Shaheen, Chuck Schumer and Elizabeth Warren.
- Energy buyers pressed Washington for relief as the Iran war and Strait of Hormuz risks squeezed supply, and Indian refiners emerged as key beneficiaries after a March buying surge.
- Analysts warn the window could undercut efforts to curb Moscow’s war revenue and strain coordination with Europe, while a separate Iran‑oil waiver for cargoes already at sea was set to expire around April 19.