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U.S. Treasury Secretary Scott Bessent speaks with reporters in the James Brady Press Briefing Room at the White House on April 15, 2026, in Washington.
| Photo Credit: AP
WThe United States on Wednesday (April 15, 2026) ruled out granting any further exemption from sanctions for the purchase of Russian or Iranian oil.
U.S. Treasury Scott Bessent made the announcement at a press conference at the White House.
“We will not be renewing the general license on Russian oil, and we will not be renewing the general license on Iranian oil. That was oil that was on the water prior to March 11, so all that has been used,” Mr. Bessent told reporters in Washington.
Published – April 16, 2026 10:40 am IST
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U.S. rules out renewal of exemption from sanctions on Russian, Iranian oil
