ReferIndia News Russia-Iran Oil sanctions: No more US relief; Treasury Secretary says ‘will not renew general license’, India likely to be impacted

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Russia-Iran Oil sanctions: No more US relief; Treasury Secretary says ‘will not renew general license’, India likely to be impacted

Published on: April 16, 2026, 6:53 a.m. | Source: India.com

US will not renew the general license that allowed limited transactions involving Russian and Iranian oil, US Treasury Secretary Scott Bessent has released a big statement.

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