U.S. allows limited sale of Iranian oil
Waiver aims to ease prices amid conflict-driven volatility
The U.S. administration approved a 30‑day waiver allowing Iranian crude already loaded on tankers at sea to be sold, aiming to ease a sharp rise in global oil prices driven by recent hostilities involving the U.S., Israel and Iran. Treasury officials said the measure will release about 140 million barrels into markets, providing an immediate supply boost while broader sanctions and financial restrictions on Iran remain in place. The waiver covers only oil already in transit and does not permit new production or purchases.
Officials framed the step as a short‑term intervention to lower fuel costs for businesses and consumers amid shipping disruptions—notably in the Strait of Hormuz—and follow other actions to stabilize markets, including possible releases from strategic reserves. Critics argue the move could indirectly benefit Tehran during active conflict and warn the temporary supply infusion may not substantially reduce prices if geopolitical tensions and shipping risks persist.
Economists expect continued volatility: the waiver provides prompt relief but is unlikely to fully offset the premium caused by regional insecurity. Policymakers said financial restrictions will limit Iran’s ability to monetize proceeds, and markets will monitor actual deliveries and any further U.S. measures to judge the waiver’s impact.
