USS Rafael Peralta escorts Iranian tanker M/T HERBY in Indian Ocean enforcing U.S. blockade against Iran ports, April 24.

US Treasury says no plans to renew waiver for Russian oil at sea, AP reports.

The US Treasury stated that it has no plans to renew the waiver for Russian oil at sea, according to AP.

US Treasury ends waivers for Russian, Iranian oil cargoes already at sea. Exemptions expire as recent energy disruption protections lapse.

The US Treasury confirmed it will not renew waivers that permitted sales of Russian and Iranian oil already at sea. The exemptions, introduced during recent energy disruptions, are set to expire.

Extreme weather drives up food, insurance costs, turning climate change into a new inflation driver. Bloomberg reports that price pressures from climate-related events are becoming persistent.

Extreme weather is driving up prices from food to insurance, making climate change a new and growing source of inflation, according to a report.

Fed Chair Jerome Powell holds final press conference, ending an era of monetary policy leadership.

Jerome Powell held his final press conference as Federal Reserve chair, marking the end of an era.