US Has No Plan to Renew Iranian, Russian Oil Waivers, Bessent Says
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Category: GLOBAL GOVERNMENT & ALLIANCES
Summary:
U.S. Treasury Secretary Scott Bessent announced that the United States will not renew sanctions waivers that allowed buyers to take delivery of Iranian and Russian crude already loaded on tankers at sea. The one-time license for Iranian oil on the water will not be extended, and the waiver for Russian oil and petroleum products will also end. Bessent stated that the general licenses for Russian and Iranian oil applied only to oil on tankers prior to March 11 and have now been fully used. Additionally, the Treasury sanctioned a Chinese refinery and dozens of vessels linked to Iran’s shadow fleet.
Mysterion Insights
Scripture: Proverbs 11:1 (NASB 1977)
"A false balance is an abomination to the LORD, But a just weight is His delight."
Commentary:
Proverbs speaks to honest measures, and sanctions are one way governments try to correct what they see as crooked trade. It gets practical fast. When waivers end, tankers, refiners, and crews feel it in schedules, insurance, and payments. This tightening on Iranian and Russian oil shows a broader prophetic pattern Scripture describes: nations using economic weight and control to pressure rivals and shape behavior. Believers should read this soberly, knowing money and energy can be wielded like weapons.
Prophetic Trend:
Economic levers are increasingly used as instruments of international control, signaling a continued shift toward centralized enforcement through trade, shipping, and financial pressure.
Mysterion Prophetic Impact Rating: C - Measured What does this mean?
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Source Excerpt:
U.S. Treasury Secretary Scott Bessent said Friday the United States will not renew the sanctions waivers that enabled buyers to take delivery of Iranian and Russian crude already loaded on tankers at sea. Bessent said a one-time license covering Iranian oil on the water would not be extended, calling it “totally off the table.” The parallel waiver for Russian oil and petroleum products will also be allowed to end, he said. “We will not be renewing the general license on Russian oil, and we will not be renewing the general license on Iranian oil,” Bessent said. “That was oil that was on the water prior to March 11. So all that has been used.”......
Original Article: Read the full story →
Source: The Epoch Times
Posted on 04-25-2026 07:44