US Temporarily Lifts Iran Oil Sanctions
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U.S. Temporarily Lifts Iran Oil Sanctions to Curb Energy Prices
The Trump administration has issued a temporary waiver on Iranian oil sanctions, targeting crude already at sea to alleviate rising energy prices due to the Iran conflict. This marks the first such relief since the 1979 Islamic Revolution. The move aims to free up around 140 million barrels for global markets, with oil potentially reaching Asian markets in just three or four days. The waiver is intended to provide immediate relief without granting lasting financial aid to Iran, as broader sanctions remain in place under the maximum pressure strategy.
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