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USA Lifts Sanctions on Iranian Oil at Sea to Allow Sales
5 articles |
Updated 2h ago |
Created 8h ago
The US Treasury Department has issued a temporary license permitting the sale, exportation, or transfer in trade transactions for approximately 140 million barrels of crude oil that is currently stranded aboard tankers on Iranian-flagged vessels at sea to lower prices globally; this decision effectively lifts sanctions specifically targeting these ships and their cargo.
Key Points
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1The United States has temporarily lifted sanctions on approximately 140 million barrels of Iranian oil that were already loaded onto tankers and at sea.
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2This decision aims to lower global energy prices by allowing the sale of stranded crude without violating existing export restrictions.
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3US Treasury officials, including Bessent (referred to as Бессент in sources), confirmed issuing a temporary license for these specific shipments.
Developments
[Mar 21]
U.S. allowed sale of ~140 million barrels of Iranian oil already at sea to reduce prices (Theins.ru, Radiosvoboda).
[Mar 21]
US Treasury issued a license permitting the temporary sales of stranded crude without violating sanctions.