US Ends Waiver for Iranian Oil Sanctions Relief

WASHINGTON: (Web Desk) The United States Department of the Treasury has announced that it will not extend a temporary sanctions waiver that allowed limited sales of Iranian oil, signaling a renewed push to intensify economic pressure on Iran.

According to the statement, the short-term authorization — which permitted the sale of Iranian crude already stored on vessels before March 20 — is set to expire within days and will not be renewed. The department emphasized that it remains committed to its “maximum pressure” strategy against Tehran.

The waiver was originally introduced to stabilize global energy markets following disruptions caused by the conflict that began in late February. During this period, approximately 140 million barrels of Iranian oil were allowed to enter global markets, helping to ease supply shortages and control rising prices.

However, tensions escalated after Iran restricted shipping through the Strait of Hormuz — a vital route responsible for transporting nearly one-fifth of the world’s oil and gas supplies. This development intensified concerns over global energy security.

Officials indicated that ending the waiver is part of a broader strategy to increase economic pressure on Iran, particularly over its nuclear program and regional activities. The move aligns with Washington’s long-standing policy of restricting Tehran’s oil exports, even as reports suggest that Iranian crude has continued to find buyers, especially in China.

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The decision also follows criticism from US lawmakers over earlier relaxations of sanctions on both Iran and Russia. Authorities warned that institutions engaging in oil trade with Iran could face secondary sanctions and additional penalties.

Meanwhile, despite a temporary ceasefire between the United States and Iran, diplomatic efforts have yet to produce a major breakthrough. Recent talks have stalled, and Washington has taken further steps to tighten restrictions, including measures targeting maritime routes and oil shipments.

Analysts believe the move could once again impact global oil prices, as supply constraints and geopolitical tensions continue to shape energy markets worldwide.