The US may lift sanctions on Iranian oil remaining in tankers. This was stated by the US Treasury Secretary. We are talking about oil that cannot be sold for a long time due to restrictions.
Statement by the US Treasury Secretary
US Secretary of the Treasury Scott Bessent announced the possibility of lifting sanctions on Iranian oil, The issue is currently being considered at the government level. She noted that this issue is currently being considered at the government level.
According to the official, the decision applies only to oil that is already stored in tankers and cannot be sold due to the current restrictions.
Causes and consequences
The sanctions on Iranian oil were imposed by the administration Donald Trump. They led to the accumulation of large volumes of oil in tankers near the Strait of Hormuz.
The possible lifting of sanctions will unlock these volumes and ease the market situation. The final decision has not yet been made.
Context.
The United States has tightened sanctions against Iran after withdrawing from the nuclear deal in 2018. Restrictions apply to Iranian oil exports and financial transactions.
Iran has repeatedly called for the lifting of sanctions and a return to negotiations on its nuclear programme.
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