Bloomberg Politics

US Treasury Allows Sale of Some Iranian Oil Stranded on Vessels

Mar 20, 2026Center

The US Department of Treasury issued a general license allowing the sale of Iranian oil and petrochemical products loaded onto vessels on or before 12:01 am New York time Friday, marking the Trump administration’s latest effort to counter rising oil prices due to the Iran war.

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US may remove sanctions on Iranian oil stranded in tankers, treasury secretary says

The Guardian

Mar 19, 2026

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US may remove sanctions on Iranian oil stranded in tankers, treasury secretary says

Scott Bessent says actions will increase oil supply and bring down prices, but long-term effects in questionThe US may soon remove sanctions on Iranian oil stranded on tankers at sea, the treasury secretary, Scott Bessent, said on Thursday as Washington seeks to curb prices soaring over Iran’s closure of the strait of Hormuz.“In the coming days, we may…

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Bessent eases oil sanctions on Iran and allows sale in US

Washington Examiner

Mar 21, 2026

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Bessent eases oil sanctions on Iran and allows sale in US

Treasury Secretary Scott Bessent eased U.S. oil sanctions on Iran, even going so far as to allow the sale of some products in the United States. Global oil supply has been strangled due to Iran’s blockade of the Strait of Hormuz, sending oil prices skyrocketing. In another effort to increase supply and lower prices, the…

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U.S. Pauses Sanctions on Some Iranian Oil to Get More to Market

The New York Times

Mar 19, 2026

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U.S. Pauses Sanctions on Some Iranian Oil to Get More to Market

Treasury Secretary Scott Bessent estimated that the move would add about 140 million barrels of crude to the oil market.

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US lifts sanctions on Iranian oil stranded at sea

The Hill

Mar 20, 2026

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US lifts sanctions on Iranian oil stranded at sea

The Trump administration lifted sanctions on Iranian oil stuck at sea on Friday evening as the conflict between the U.S. and Iran continues to hike up global energy costs. “Today, the Department of the Treasury is issuing a narrowly tailored, short-term authorization permitting the sale of Iranian oil currently stranded at sea,” Treasury Secretary Scott…

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US considers lifting sanctions on some Iranian oil

BBC News

Mar 20, 2026

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US considers lifting sanctions on some Iranian oil

Treasury Secretary Scott Bessent broached waiving sanctions on oil already at sea, which would be a stunning reversal of longstanding American policy.

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US pauses sanctions on Iranian oil ‘stranded at sea’ to help curb skyrocketing energy prices

New York Post

Mar 20, 2026

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US pauses sanctions on Iranian oil ‘stranded at sea’ to help curb skyrocketing energy prices

Bessent said easing sanctions would allow 140 million barrels of oil to hit global markets and help “relieve the temporary pressures on supply caused by Iran.”

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