US lifts sanctions on Iranian oil at sea
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- The Trump administration lifted sanctions on Iranian oil stranded at sea on Friday evening, with Treasury framing the move as a "narrowly tailored, short-term authorization" to permit sales.
- Treasury Secretary Scott announced the authorization specifically to allow the sale of oil currently stranded at sea.
- The action comes as the U.S.-Iran conflict continues to push up global energy costs, suggesting the release is aimed at easing supply pressure.
Why it matters: The Treasury explicitly characterized the authorization as "narrowly tailored" and "short-term," meaning the policy only releases oil already stranded at sea rather than reopening broader Iranian exports. The amount of permitted cargo will determine how much relief reaches global energy markets now being squeezed by the U.S.-Iran conflict.
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