Trump administration to let Iranian oil sanctions waiver expire - Reuters
The Trump administration will allow a 30-day waiver of sanctions on Iranian oil at sea to expire later this week as the US imposes a blockade on shipments from Iranian ports, Reuters reported on Tuesday, citing two administration officials.
The move signals that “Treasury is going full force on Economic Fury” against Iran, the report quoted one of the officials as saying, in an apparent reference to Operation Epic Fury.
The waiver, which the Treasury Department issued on March 20, allowed some 140 million barrels of oil to reach global markets and helped relieve pressure on energy supply during the war on Iran. The waiver is set to expire on April 19.
