# [WARNING] US Confirms No Extension Of Iran/Russia Oil Waivers

*Friday, April 24, 2026 at 11:34 PM UTC — Hamer Intelligence Services Desk*

**Detected**: 2026-04-24T23:34:31.909Z (12d ago)
**Tags**: MARKET, ENERGY, Oil, Sanctions, Iran, Russia, USPolicy, RiskPremium
**Sources**: OSINT
**Permalink**: https://hamerintel.com/data/alerts/4630.md
**Source**: https://hamerintel.com/summaries

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**Summary**: New comments from Bessent ruling out any extension of US waivers for Iranian and Russian oil reinforce an increasingly restrictive stance on these exports. This hardens expectations of tighter medium‑term crude supply and sustains upside risk for Brent and Dubai benchmarks despite Iranian tankers currently evading enforcement.

## Detail

A fresh wire (AP cited) reports that Bessent has explicitly ruled out extending US waivers for Iranian and Russian oil. While we already have standing alerts around tightening US policy and tanker evasions, this statement further clarifies that Washington does not intend to soften sanctions implementation in the near term. Markets will read this as confirmation that the recent tightening moves are not tactical or transitory but part of a sustained policy path.

On supply, Iran has been exporting on the order of 1.3–1.6 mb/d in recent years, largely to Asian buyers, while Russian crude and product flows have been re‑routed under price caps and opaque logistics. Waivers and weak enforcement have allowed material barrels to continue reaching the market. Signalling that waivers will not be extended raises the probability of more aggressive secondary sanctions, tighter maritime insurance, finance and shipping constraints, and increased interdiction risk, even if 34 Iranian tankers are currently reported as evading a notional blockade.

In the near term, the statement alone does not immediately remove barrels, but it shifts expectations: refiners and traders exposed to Iranian/Russian flows will be more cautious about forward purchases and term deals, and may start pre‑emptively diversifying supply. That is supportive of a higher risk premium in Brent and Dubai spreads and options. It can also underpin strength in alternative sour grades (Iraqi Basrah, Saudi, UAE, and US Mars) as substitution demand rises.

Historically, clear steps toward tighter Iran sanctions (2018 US withdrawal from JCPOA) have triggered multi‑percent moves in crude benchmarks as markets re‑price future availability, even before physical exports fall. The duration here is medium‑term: volatility and upside skew in crude likely persist for months as the market gauges how strictly sanctions are enforced and how effective Iranian and Russian circumvention remains.

**AFFECTED ASSETS:** Brent Crude, WTI Crude, Dubai Crude, Urals crude discounts, Iranian crude differentials (unofficial), Oil tanker equities, Energy sector credit spreads