US Issues Temporary Sanctions Waiver on Iranian Oil at Sea to Stabilize Global Energy Markets Now

Donald Trump issued a temporary 30-day sanctions waiver on Iranian oil already at sea to stabilize global energy prices.Scott Bessent confirmed that the move applies to 140 million barrels of crude with an unloading deadline set for April 19.Global oil prices reached a peak of 112 dollars per barrel after conflict and disruptions in the Strait of Hormuz limited supply.John Brennan joined Congressional Democrats in criticizing the decision as a strategic concession that provides a lifeline to Iran.
Published:6h
Timeline
Tags
Read more
Discuss