Overview
- A Treasury general license permits the sale, delivery, or offloading of Iranian crude and products loaded by March 20, with authorization running through April 19.
- The waiver is narrowly limited to cargoes already on the water and does not allow new purchases or production, with Treasury saying Tehran will struggle to access any proceeds.
- The license bars transactions involving parties in North Korea, Cuba, and Russian‑occupied parts of Ukraine and allows necessary services like docking, insurance, and—in cases tied to completion of a sale—imports into the U.S.
- Energy Secretary Chris Wright said supplies from these cargoes could begin reaching Asian ports within three to four days.
- Iran’s oil ministry disputed the U.S. claim of available barrels, saying it has no surplus crude on the water, while Washington cast the step as part of broader moves—including earlier relaxations on some Russian oil—to bolster global supply.