US eyes freeing sanctioned Iranian crude to steady oil markets
TL;DR Summary
US officials signal a potential lift of sanctions on Iranian crude on water, aiming to release about 140 million barrels to help cap prices amid Middle East tensions and Strait of Hormuz disruption. Citi boosted its near-term oil outlook to around $120 a barrel with a bull case of $150 if disruptions persist, while a de-escalation could see Brent ease to $70–$80 by year-end; Israel is aiding efforts to reopen Hormuz.
- Oil falls as U.S. weighs releasing sanctioned Iranian crude to cool prices CNBC
- The U.S. weighs lifting Iranian oil sanctions to keep price in check Axios
- US may remove sanctions on Iranian oil stranded in tankers, treasury secretary says The Guardian
- Iran war live updates: Trump admin to drop sanctions on Iranian crude USA Today
- US considers lifting sanctions on some Iranian oil BBC
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