Trump Allows Russian Oil Waiver to Expire

The Trump administration has allowed a controversial waiver on sanctions targeting Russian seaborne oil to expire, reimposing restrictions that had temporarily enabled countries such as India to continue purchasing Russian crude despite Western efforts to curb Moscow's wartime revenues. The move, which took effect on May 16 after the Treasury Department declined to renew General License 134B, highlights the increasingly difficult balance Washington faces between tightening pressure on the Kremlin and preventing further disruption to global energy…