U.S. issues 30-day sanctions waiver for sale of Iranian oil at sea

The U.S. issued a 30-day sanctions waiver allowing purchase of Iranian oil at sea, Treasury Secretary Scott Bessent said. The temporary waiver is intended to ease energy supply pressures since the start of the U.S.-Israeli war with Iran and may damp near-term upside in oil prices by alleviating immediate supply tightness. Monitor oil benchmarks and regional shipping flows for signaling of price or spread moves over the coming month.

Analysis

The U.S. issued a 30-day sanctions waiver allowing purchase of Iranian oil at sea, Treasury Secretary Scott Bessent said. The temporary waiver is intended to ease energy supply pressures since the start of the U.S.-Israeli war with Iran and may damp near-term upside in oil prices by alleviating immediate supply tightness. Monitor oil benchmarks and regional shipping flows for signaling of price or spread moves over the coming month.