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Re: Israel, Hamas, Hezbollah, Iran … W
https://wapo.st/4dk7hXZ
Quote:
Trump administration lifts sanctions on millions of barrels of Iranian oil
As oil prices soar, the Treasury Department has lifted sanctions on Iranian crude already loaded onto vessels — giving Iran’s war effort against the U.S. a boost.
As the cost of oil continues to soar, the Treasury Department on Friday lifted sanctions on 140 million barrels of Iranian crude already loaded onto vessels, which the Trump administration says will help ease prices — but which is also likely to provide revenue for Iran’s war effort.
The order to “unsanction” the oil comes as President Donald Trump’s war in Iran has triggered a global energy crunch, with the price of oil soaring more than 50 percent since the U.S. attacked Iran late last month.
“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 Bessent wrote Friday night on X. “By temporarily unlocking this existing supply for the world, the United States will quickly bring approximately 140 million barrels of oil to global markets, expanding the amount of worldwide energy and helping to relieve the temporary pressures on supply caused by Iran
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