Late on Friday, the US said it would extend a waiver on the purchase of sanctioned Russian oil.
It comes days after Treasury Secretary Scott Bessent said sanction waivers would not be extended.
The new general licence, announced by the Treasury Department, permits the delivery and sale of Russian crude oil and petroleum products loaded on vessels as of April 17. The sanction reprieve runs until May 16, the department said.
The waiver does not cover transactions involving Iran, Cuba and North Korea.
In March, Donald Trump removed restrictions on exports of Russian oil as global prices soared due to the war in Iran, especially instability in the Strait of Hormuz.