US Treasury will extend lapsed sanctions waiver on Russian seaborne oil for another 30-days, according to sources

The extension of the sanctions waiver on Russian seaborne oil for another 30 days signals a temporary relief for countries reliant on Russian oil supplies, particularly amid ongoing geopolitical tensions. This decision may influence oil prices and could have implications for commodities like gold, as well as rival currencies, depending on market reactions to the continuing economic pressure created by sanctions.