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Iranian Oil at Sea Left in Limbo After US Revokes 60-Day Waiver

Geopolitics & WarSanctions & Export ControlsEnergy Markets & PricesTrade Policy & Supply Chain

The US walked back a waiver that allowed Iran to sell crude, leaving tens of millions of barrels of Iranian oil already on tankers in limbo. The development raises supply and delivery uncertainty for Iranian barrels and likely tightens near-term crude availability, increasing downside risk for affected energy and shipping participants.

Analysis

The US walked back a waiver that allowed Iran to sell crude, leaving tens of millions of barrels of Iranian oil already on tankers in limbo. The development raises supply and delivery uncertainty for Iranian barrels and likely tightens near-term crude availability, increasing downside risk for affected energy and shipping participants.

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