US lifts sanctions on Iranian oil at sea in bid to ease supply pressures
The Guardian • • nation
Key Points:
- The Trump administration has issued a 30-day waiver on sanctions for Iranian oil purchases at sea to ease global energy supply pressures amid the US-Israeli conflict with Iran, marking the third temporary waiver in two weeks.
- The waiver allows the sale of Iranian crude oil and petroleum products loaded between March 20 and April 19, potentially releasing about 140 million barrels of oil into global markets to help lower prices.
- US Treasury Secretary Scott Bessent emphasized that the waiver applies only to oil already in transit and does not permit new purchases or production, aiming to restrict Iran's ability to benefit financially.
- Critics argue the policy could inadvertently support Iran’s war efforts by allowing oil sales, but Bessent maintained that Iran will
