Live Update 
From the Liveblog of
Wednesday, April 22, 2026
From the Liveblog of
Wednesday, April 22, 2026
US Treasury chief says renewing sanctions relief on Russian oil for another 30 days
Add ToI as a Preferred Source on GoogleUS Treasury Secretary Scott Bessent says that he has extended sanctions relief on Russian seaborne oil for 30 days because of requests from countries that are the most vulnerable to oil shortages from the closed Strait of Hormuz.
Bessent tells a US Senate Appropriations subcommittee budget hearing that the requests came from finance leaders of about 10 countries during last week’s International Monetary Fund and World Bank meetings. The action reverses his earlier comments last week that he would not renew expiring sanctions waivers.
Bessent says estimates that Iran has gained more than $14 billion from the relief are “a myth,” but he does not provide an alternate figure.
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