Bessent gives 30-day extension to import Russian oil as Iran war squeezes supply
- Posted on May 18, 2026
- By South China Morning Post
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- 1 min read
Bessent gives 30-day extension to import Russian oil as Iran war squeezes supply
US treasury secretary said the move would help poorer nations as China would not have the ability to ‘stockpile discounted oil’ from Russia.
