U.S. allows 30-day at-sea sale of Iranian oil to ease oil prices
A sudden policy shift from Washington is sending ripples through global energy markets, as the Trump administration moves to counter surging oil prices amid escalating conflict with Iran.
The United States on Friday issued a 30-day waiver allowing the purchase of Iranian oil at sea, a step officials say is aimed at easing supply pressures driven by nearly three weeks of U.S. and Israeli strikes on Iran.
Treasury Secretary Scott Bessent said the measure could release roughly 140 million barrels of oil into global…