The U.S. Has Not Meaningfully Imported Iranian Oil Since Washington Imposed Measures After the 1979 Revolution. It Was Unclear Whether Any Iranian Oil Would End Up in the Country as a Result of the Waiver

The waiver will bring some 140 million barrels of oil to global markets and help relieve pressure on energy supply, Treasury Secretary Scott Bessent said.

The waiver will bring some 140 million barrels of oil to global markets and help relieve pressure on energy supply, Treasury Secretary Scott Bessent posted on X.