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flag US lets waivers on Iranian and Russian oil expire to increase economic pressure.

flag The U.S. will not renew a waiver allowing Iranian oil shipments at sea, letting it expire April 19, and quietly let a similar waiver on Russian oil lapse, signaling a hardening of economic pressure on both nations. flag The Treasury Department warned China and other financial hubs about facilitating illicit Iranian transactions, threatening further sanctions for banks that continue to process business with Tehran.

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