U.S. Lifts Sanctions on Some of Iran’s Oil

“Sanctions on some Iranian oil will be temporarily lifted to allow the sale of shipments already in transit,” Politico reports.

“The partial pause on sanctions is intended to help ease what the administration sees as a short-term shock to the global market as a result of the attack on Iran launched by the U.S. and Israel three weeks ago.”

Washington Post: “The order to ‘unsanction’ the oil comes as President Donald Trump’s war in Iran has triggered a global energy crunch, with the price of oil soaring more than 50 percent since the U.S. attacked Iran late last month.”

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