"Today, the Department of the Treasury is issuing a narrowly tailored, short-term authorization permitting the sale of Iranian oil currently stranded at sea. 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."
"This move directly contradicts Trump's own statements that the United States is considering winding down this conflict. You don't unsanction Iranian oil if you're winding down. This is the action of an administration that has no exit ramp and knows it."
The Treasury Department lifted sanctions on 140 million barrels of Iranian crude oil to ease soaring prices amid a global energy crunch. This decision allows stranded oil to enter global markets, potentially relieving supply pressures. However, it may also provide revenue for Iran's military actions. Administration officials claim that the oil is already heading to China and that sanctions will remain on Iran's financial access. Critics argue this move contradicts the administration's stated goal of winding down conflict with Iran.
Read at The Washington Post
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