WORLDglobal
'Bring almost 140 mn barrels to global markets': US waives sanctions on Iranian oil
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Updated 2 hours ago
First seen March 21, 2026 02:41:52Stay on top of this story
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Quick Summary
The US has granted a 30-day waiver on Iranian oil shipments currently at sea, aiming to stabilize global energy supplies amid escalating Middle East tensions. This move, intended to inject approximately 140 million barrels into the market, follows similar relaxations on Russian oil. While the US asserts control over revenue, Iran claims no surplus oil is available.