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The Guardian - US
The Guardian - US
World
Guardian staff and agencies

US lifts sanctions on Iranian oil at sea in bid to ease supply pressures

Scott Bessent Iran United States Oil Tehran
a man wearing glasses
Scott Bessent, the US treasury secretary, earlier this week. Photograph: Emma Da Silva/AP

The Trump administration has waived sanctions on Iranian oil purchases at sea for 30 days to ease surging oil prices driven by the US-Israeli war on Iran.

The US treasury secretary, Scott Bessent, said the waiver would bring about 140m barrels of oil to global markets and help relieve pressure on energy supply.

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