POLITICSglobal
US lifts sanctions on Iranian oil at sea in bid to ease supply pressures
Single source
Updated 4 hours ago
First seen March 21, 2026 23:23:34Stay on top of this story
Follow the names and topics behind it.
Add this story's key topics to your watchlist so LyscoNews can highlight related developments and future matches.
Create a free account to sync your watchlist, saved stories, and alerts across devices.
Quick Summary
Treasury secretary Scott Bessent says move will bring 140m barrels to market but insists Tehran will not benefit
Middle East crisis – live updates
The Trump administration has waived sanctions on Iranian oil purchases at sea for 30 days to ease surging oil prices driven by the US-Israeli war on Iran. The US treasury secretary, Scott Bessent, said the waiver would bring about 140m barrels of oil to global markets and help relieve pressure on energy supply. Continue reading...