The treasury secretary says the move will quickly bring about 140m barrels of oil to global markets.

The treasury secretary says the move will quickly bring about 140m barrels of oil to global markets.

The US President Donald Trump administration has issued a 30-day ​sanctions waiver for the purchase of ‌Iranian oil at sea to ease energy supply pressures

The authorization allows for the delivery and sale of Iranian crude oil and other petroleum products loaded onto ships before March 20, and will last through April 19, the US said.

Washington, Mar 21: The United States has announced a one-month suspension of sanctions on Iranian oil stranded at sea, aiming to stabilise surging global crude prices by releasing about 140 million barrels into the market. US Treasury Secretary Scott Bessent said the move allows the sale of oil already in transit but strictly prohibits new […]

The Trump administration waived sanctions on the purchase of Iranian oil at sea for 30 days on Friday in its latest attempt to ease ‌oil prices that have been driven up by the U.S.-Israeli war on Iran. The waiver will bring some 140 million barrels of oil to global markets…

The US issues a 30-day sanctions waiver for Iranian oil sales at sea to ease energy prices amid the US-Israeli war on Iran. Read more at straitstimes.com. Read more at straitstimes.com.

U.S. grants a 30-day sanctions waiver for Iranian oil sales at sea amid ongoing energy supply pressures from conflict.

U.S. grants a 30-day sanctions waiver for Iranian oil sales at sea amid ongoing energy supply pressures from conflict.

A recent update informs that the U.S. will allow a limited-time sale of Iranian oil to tame prices. The Trump administration waived sanctions on the purchase of Iranian oil at sea for 30 days on ...

US allows limited sale of Iranian oil already at sea to boost global supply and ease war-driven pressure, while maintaining sanctions and limiting Tehran’s access to revenue.

Announcing the move on X, US Treasury Secretary Scott Bessent said the measure is intended to stabilise markets swiftly by increasing the availability of existing supply.

Earlier, the United States on Friday announced temporarily easing of sanctions on Iranian-origin crude oil and petroleum products up until April 19 this year, including permitting the sale of Iranian crude and refined products into the United States. 

The U.S. Treasury authorizes the short-term sale of 140M barrels of sanctioned Iranian oil to stabilize global energy markets.

Washington DC: US Treasury Secretary Scott Bessent on Friday (global time) announced a temporary authorisation permitting the sale of Iranian oil

During a town hall on CNN on Friday, United States Ambassador to the U.N. Michael Waltz defended the Trump administration lifting sanctions on some | Clips

During a town hall on CNN on Friday, United States Ambassador to the U.N. Michael Waltz defended the Trump administration lifting sanctions on some | Clips