Energy Markets
US allows waiver to expire on Russian oil
The U.S. Treasury did not publish a new extension to its waiver on sanctions against Russian oil carried by sea that expired at midnight on Wednesday. However, President Donald Trump and officials of the administration did not confirm if this meant that measures would be reinstated. Trump's administration waived U.S. oil sanctions during the war against Iran to assist vulnerable economies with the energy crises. Washington and Tehran have reached an agreement to end the conflict, which would allow Middle East oil to reach the global market. Trump was noncommittal on Wednesday about the possibility of reimposing sanctions by the...