US is likely to approve extension of waiver allowing sales of some Russian crude as early as today, according to sources

The potential U.S. approval to extend the waiver for sales of certain Russian crude suggests a de-escalation in the sanctions regime, which could lead to increased supply in the market. This may weigh on oil prices and impact currencies tied to energy exports, particularly the ruble and commodity-linked currencies. Keep an eye on how this affects broader market sentiment and risk assets as the news develops.