Treasury secretary Scott Bessent says move will bring 140m barrels to market but insists Tehran will not benefit
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 weeks.
The US had previously eased sanctions on Russian oil, and on Friday issued a general license allowing the sale of Iranian crude oil and petroleum products loaded on vessels as of 20 March to 19 April, according to the license posted to the US treasury website.
“By temporarily unlocking this existing supply for the world, the United States will quickly bring approximately 140 million barrels of oil to global markets, expanding the amount of worldwide energy and helping to relieve the temporary pressures on supply caused by Iran,” Bessent said in a statement on X.
