Washington: The United States has temporarily eased sanctions on Iranian oil in a bid to stabilize global energy markets amid rising prices and ongoing geopolitical tensions.
The move allows the sale of Iranian crude oil that is already stranded at sea, with an estimated 140 million barrels expected to enter the global market. Officials say the decision is aimed at easing supply shortages and controlling surging oil prices triggered by disruptions in the Middle East.
US Treasury Secretary Scott Bessent clarified that the waiver is limited in scope and duration, applying only to oil already in transit and not permitting any new purchases or production from Iran.
The decision comes as global crude prices have surged due to conflict-related disruptions, including tensions around key shipping routes such as the Strait of Hormuz. Analysts believe the temporary easing could provide short-term relief to energy markets, though its long-term impact remains uncertain.
However, the move has drawn criticism from some quarters, with concerns that it could indirectly benefit Iran despite ongoing sanctions. US officials maintain that financial restrictions remain in place, limiting Iran’s ability to fully access revenues from the oil sales.
The temporary sanction relief is part of a broader strategy by the US to manage the global energy crisis while continuing its pressure on Iran amid escalating regional tensions.
