US Iran War News LIVE: Oil prices fell 2% on Tuesday in early Asian trade after US President Donald Trump said he had paused a planned attack on Iran to allow for negotiations to end the war in West Asia. Trump said on Monday there was a “very good chance” the US could reach an agreement with Iran to prevent Tehran from obtaining a nuclear weapon, hours after announcing the pause in military action to allow talks.
US Iran War News LIVE: US extends sanctions relief for Russian oil already at sea by 30 days
The United States has extended by a month a waiver from sanctions on Russian oil already at sea, according to an official statement.
The US Department of Treasury issued an order on Monday extending the waiver from sanctions on Russian oil stranded at sea on or before April 17 through June 17.
Earlier, the US had granted an exemption from sanctions to India for buying Russian oil for a month beginning March 5. A few days later, a similar waiver was extended to several other countries, which ended on April 11.
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