BUSINESSglobal
US lifts sanctions on some Iranian oil as energy prices soar
Single source
Updated 2 hours ago
First seen March 23, 2026 06:49:27Stay 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
The US has lifted sanctions on some Iranian oil, as it scrambles to contain the impact of its war in Iran on energy markets. Treasury Secretary Scott Bessent announced the issuing of a narrowly tailored, short-term authorisation permitting the sale of Iranian oil currently stranded at sea. The move marks a stunning reversal of longstanding ...