During a Congressional hearing, US Secretary of State Marco Rubio indicated that the Biden administration aims to end the sanctions waiver on Russian oil as soon as possible. He clarified that this waiver was meant to be a temporary solution to stabilize global energy supplies and was not intended to change the broader US policy of sanctioning Russian oil exports. The decision to terminate the waiver ultimately rests with the US Treasury Department, which will consider the prevailing circumstances at the time. Rubio's comments come in the context of heightened concerns over global energy markets, particularly following disruptions in crude oil supplies due to ongoing geopolitical tensions involving the US, Israel, and Iran. The situation has been exacerbated by the blockade of the Strait of Hormuz, a vital route for global oil shipments. Initially introduced in March, the waiver was designed to ease supply pressures and avoid a sharp increase in energy prices. Since then, it has been extended twice, with the current extension scheduled to expire on June 17.