Treasury Secretary Bessent said Wednesday he would not renew the Russian oil sanctions waiver, but the Treasury Department extended it Friday for another 30 days through May 16. The extension shows how the Iran war has boosted Russia's ability to profit from energy exports that had been restrained since the Ukraine invasion. The administration did not immediately explain the reversal, though countries in Asia pressed Washington to allow alternative supplies during the energy shock, with Treasury saying it wanted to ensure oil reached those who needed it.