US Reinstates Strict Sanctions on Russian and Iranian Oil Exports (defence24.com)

• Termination of temporary oil export sanction waivers.
• Targeted reduction of Russian and Iranian energy revenues.
• Heightened compliance risks for global energy importers.

"The US Department of the Treasury has officially declined to extend temporary waivers that previously allowed specific transactions involving Iranian and Russian crude oil. By lifting these exemptions, the US aims to curtail the foreign currency inflows for both nations. This move signals a significant hardening of economic policy, likely leading to tightening global supply chains and increased upward pressure on energy prices. The decision forces international buyers to immediately cease dealings with designated entities to avoid secondary sanctions risks."