U.S. Extends Russian Oil Waiver Through June as Oil Markets Tighten

The U.S. Treasury Department has extended its temporary sanctions wind-down authorization for Russian oil cargoes already at sea, issuing a new general license that keeps qualifying shipments flowing through mid-June as the Strait of Hormuz crisis continues tightening global energy markets.

The Office of Foreign Assets Control (OFAC) on Monday issued Russia-related General License 134C, authorizing transactions necessary for the sale, delivery, or offloading of Russian-origin crude oil and petroleum products loaded onto vessels on or before April 17, 2026. The authorization remains valid through 12:01 a.m. EDT on June 17, 2026. 

The new authorization replaces and supersedes General License 134B,