US EditionTrump administration temporarily lifts sanctions on Iranian oil at sea amid soaring prices
The Trump administration’s 30-day waiver allows sale of 140 million barrels of Iranian oil already at sea to ease oil prices amid ongoing US-Israeli conflict with Iran.
- Late Friday, the Treasury Department's Office of Foreign Assets Control issued a General License permitting purchase and offloading of Iranian and Russian oil already loaded on any vessel until April 19.
- Amid a meteoric rise in oil prices, the administration is temporarily lifting bans for next month to curb surges tied to the U.S.-Israeli war with Iran and Brent crude at $119 per barrel.
- By waiving ten separate sets of sanctions, the move narrowly tailors a short-term authorization applying only to Iranian petroleum already in transit, using stranded barrels to keep prices down while long-standing sanctions remain.
- President Donald Trump suggested the relaxation could inject approximately 140 million barrels into global markets while Treasury officials said Tehran won't easily benefit because longstanding banking sanctions cut Iran off from the global financial system.
- Framed against broader security needs, officials said the administration is weighing deployment of a second Marine Expeditionary Unit while the Pentagon seeks $200 billion, warning the Strait of Hormuz must be guarded by NATO and allied naval forces.
34 Articles
34 Articles
US lifts sanctions on Iranian oil at sea in bid to ease supply pressures
The Trump administration has issued a 30-day sanctions waiver for the purchase of Iranian oil at sea to ease energy supply pressures since the start of the US-Israeli war on Iran, US treasury secretary Scott Bessent said. It is the third time the US has temporarily waived sanctions in about two…
The United States has allowed countries to buy sanctioned Iranian oil already loaded on tankers at sea for 30 days, as the administration seeks to lower oil prices that have been rising due to the Iran war.
Firestorm as Trump eases oil sanctions on Iran: 'We are in the upside down'
The White House is facing sharp backlash after the U.S. Treasury authorized limited sales of Iranian oil already at sea – a move aimed at easing soaring energy prices as President Donald Trump’s war with Iran escalates.Treasury Secretary Scott Bessent described the decision as a “narrowly tailored, ...
Coverage Details
Bias Distribution
- 40% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
