US ends sanctions waivers for Russian and Iranian oil cargoes

Refiners must halt or replace cargoes lacking sanctions cover

Oil & Gas Sanctions
🇮🇳
Economic Times ·
Change
The US terminated general licences allowing delivery of certain Russian and Iranian oil cargoes loaded before March 11.
Why it matters
Buyers no longer have legal protection for those shipments and must either secure specific licences or replace supply to avoid sanctions violations.
Implications
  • — Cargoes exposed to sanctions — deliveries must stop or reroute
  • — Refiners must secure alternatives — supply disruption risk

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Economic Times
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