Trump ends Russian crude sanctions waiver as Hormuz reopens
The Trump administration has allowed its sanctions waiver on Russian crude to expire in light of the Iran-US understanding and reopening of the Strait of Hormuz.
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AFBytes briefing
Expiration of the waiver may force Indian refiners to adjust sourcing and could influence global diesel and gasoline prices.
What to watch next
- Monitor Indian monthly crude import data for shifts away from Russian volumes.