U.S. Treasury to Extend Russian Oil Operations Authorization for Another Month

20:01; 18 May 2026 year

### U.S. Extends License for Russian Oil Shipments by Another 30 Days The United States has decided to extend for another 30 days a license allowing the sale and transportation of Russian oil by sea, according to Reuters. This extension applies to an exemption from sanctions that permits transactions involving Russian oil already loaded onto tankers. The previous authorization expired last Saturday. Reuters reports that the decision to extend the license was made in response to requests from several countries that needed more time to complete their purchases of Russian fuel. This is the second extension of the license. The initial exemptions were introduced by Washington in March and then extended for operations involving oil and petroleum products loaded onto vessels by April 17. The U.S. authorities took this step to ease tensions in the global energy market and prevent fuel shortages amid escalating instability in the Middle East. Oil and petroleum product prices have risen sharply since the start of the U.S. and Israeli military operation against Iran. The conflict has led to disruptions in shipping through the Strait of Hormuz, a key route for global oil and liquefied natural gas supplies.

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