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US Lifts Sanctions on Iranian Oil to Ease Global Supply Pressures

via BBC World·Mar 21·5 sources

The US Treasury Secretary announced a move to lift sanctions on certain Iranian oil shipments, aiming to bring approximately 140 million barrels of oil into global markets quickly. This decision comes as gas prices soar and the US seeks to stabilize energy costs amidst the ongoing war with Iran. The administration insists that while this move eases supply pressures, it does not constitute a benefit to the Tehran regime.

Read Full Story at BBC World

Coverage from 5 outlets

Reuters

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

The Guardian

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

Reuters

Trump administration lifts sanctions on millions of barrels of Iranian oil - The Washington Post

AP News

State Department cut jobs with deep expertise in Middle East as Iran crisis escalates - WIBW

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