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News in English (USA) / 21.03.2026 / 05:00

US Eases Sanctions on Iranian Oil Amid Rising Prices

In a strategic move to combat soaring gas prices, the Trump administration has temporarily lifted sanctions on Iranian oil stranded at sea. This decision allows for a 30-day sale of millions of barrels of Iranian oil, with the aim of stabilizing global markets and easing supply pressures. Treasury Secretary Bessent has announced a plan to facilitate the flow of Iranian oil, emphasizing that this action is not an indicator of a permanent change in policy but a response to current market conditions. As tensions in the Middle East continue, the US administration is weighing additional options to ensure oil prices remain in check, signaling a potentially significant shift in its approach to Iranian oil amidst ongoing conflict.
CNN, The Detroit News, Reuters, BBC, The Guardian, Politico, Axios, Bloomberg.com, The New York Times, CBS News