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US waiver on Russian oil sanctions expires on 11 April — Will US extend the relaxations amid talks with Iran?

The US waiver on some Russian oil sanctions expires on April 11th, sparking debate. Ukrainian President Zelensky called for the reimposition of sanctions, citing a Middle East ceasefire and the potential reopening of the Strait of Hormuz. Experts argue the waiver failed to significantly impact oil prices and instead benefited Russia economically.

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