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.

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.

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.

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.

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.