US lifts sanctions on Iranian oil at sea in bid to ease supply pressures
by Guardian staff and agencies from World news | The Guardian on (#74CX8)
Treasury secretary Scott Bessent says move will bring 140m barrels to market but insists Tehran will not benefit
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.
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