‘Bring almost 140 mn barrels to global markets’: US waives sanctions on Iranian oil

 The US has granted a 30-day waiver on Iranian oil shipments currently at sea, aiming to stabilize global energy supplies amid escalating Middle East tensions. This move, intended to inject approximately 140 million barrels into the market, follows similar relaxations on Russian oil. While the US asserts control over revenue, Iran claims no surplus oil is available. The US has granted a 30-day waiver on Iranian oil shipments currently at sea, aiming to stabilize global energy supplies amid escalating Middle East tensions. This move, intended to inject approximately 140 million barrels into the market, follows similar relaxations on Russian oil. While the US asserts control over revenue, Iran claims no surplus oil is available.