"We will not renew general license on Russian, Iranian Oil": US Treasury Secretary

Washington DC [US], April 16 (ANI): United States Secretary of the Treasury Scott Bessent on Wednesday (local time) said that the US will not renew the general license that allowed limited transactions involving Russian and Iranian oil amid ongoing geopolitical tensions. 'We will not be renewing the general license on Russian oil and Iranian oil. That was oil that was on the water prior to March 11th.