21/03/2026
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21/03/2026
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WASHINGTON, March 20: The administration of Donald Trump has issued a 30-day waiver allowing limited transactions involving Iranian oil at sea, in a move aimed at stabilizing global energy prices.
According to U.S. Treasury Secretary Scott Bessent, the temporary measure could introduce approximately 140 million barrels of oil into global markets, helping to ease pressure on energy supplies amid ongoing volatility.
The license, published by the U.S. Department of the Treasury after market hours, permits Iranian oil to be imported into the United States strictly when necessary to complete existing sales or delivery agreements.
The United States has largely refrained from importing Iranian crude since sanctions were imposed following the Iranian Revolution. It remains uncertain whether any Iranian oil will ultimately reach U.S. shores under the current waiver.
The exemption excludes transactions involving Cuba, North Korea, and Crimea, and will remain in effect until April 19.
In reponse to the US Treasury Secretary's announcement of waiving sanctions on buying Iranian oil at sea for 30 days, Saman Ghodousi, the spokesperson for the Iranian Ministry of oil said on X: "At present, Iran essentially has no crude oil left floating on water or surplus for supply in other international markets."
