New Hampshire
Latest Coverage
See all articles
Trump administration lets Russian seaborne oil sanctions waiver expire
“Treasury must finally end its ill-conceived policy of helping Russia make even more money from President Trump’s reckless war in Iran. With the average price of gas above $4.50 a gallon, there is no evidence that this license is reducing costs for American families burdened by the President’s conflict in the Middle East.”
As of Saturday, the national gas price average is $4.53 a gallon.
The increase in energy prices comes as the Trump administration confronts mounting political pressure over affordability ahead of the November midterm elections. Inflation rose to 3.8% in April, the highest since May 2023.
RUSSIA UNLEASHES MASSIVE MULTIDAY ATTACK ON UKRAINE FOLLOWING THREE-DAY CEASEFIRE
The waiver was originally issued on Mar. 12 to allow countries to purchase oil and petroleum products from Russia. It was then renewed about a month later, with a Treasury Department spokesperson saying “Treasury wants to ensure oil is available to those who need it.” India asked the United States to extend the waiver on Thursday, according to Bloomberg.