Israel Iran War · 21 March 2026
US temporarily lifts sanctions on Iranian oil to ease supply crunch
The United States has issued a short-term waiver allowing the sale of Iranian oil already at sea, aiming to stabilise global energy markets shaken by the ongoing conflict. The move could release around 140 million barrels into supply, helping cool prices. Officials stressed the measure is limited to existing shipments and does not permit new production, as Washington continues broader pressure on Iran.
Reported by The Guardian · How we write briefs