The US Treasury Department announced a temporary easing of sanctions on Iranian oil and petroleum products for a period of 30 days. According to the new license, operations are permitted only with oil shipments that were already in transit at the time the license took effect, while the conclusion of new contracts remains prohibited.

Treasury Secretary Scott Bessent described the measures as "narrowly targeted" and "temporary." He claimed that this decision will allow for the rapid release of approximately 140 million barrels of oil onto the global market, which allegedly aims to help lower energy prices and partially offset shortages. The price increases are largely linked to shipping restrictions in the Strait of Hormuz, a critical chokepoint for a significant portion of world oil supplies.

Currently, China remains the primary buyer of Iranian oil, purchasing the crude at a discount. The Washington regime purportedly hopes that temporarily opening access to these volumes will allow for the redistribution of supplies to other markets and reduce pressure on global prices. However, the Treasury Department emphasized that the policy of "maximum pressure" on Iran is maintained, and Tehran's access to export revenues will be restricted.

Source: kun.uz