US eases limited Iran oil sanctions to curb price surge
TL;DR Summary
The U.S. Treasury, led by Scott Bessent, temporarily lifts sanctions on about 140 million barrels of Iranian oil in transit for 30 days to blunt a short‑term global price spike tied to recent U.S.-Israel actions and Iran-related disruption. The move, framed as easing market shock under Operation Epic Fury, allows the sale of in‑transit shipments while restricting revenue access and maintaining broad sanctions pressure on Tehran.
- US pauses sanctions on some of Iran’s oil as gas prices surge Politico
- Live updates: Iran war news: Tehran fires ballistic missiles at US-UK military base in Indian Ocean CNN
- US lifts sanctions on some Iranian oil as energy prices soar BBC
- Trump administration lifts sanctions on millions of barrels of Iranian oil The Washington Post
- US Treasury Allows Sale of Some Iranian Oil Stranded on Vessels Bloomberg.com
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