Can Iranian Oil Offset the Oil Supply Deficit?
Edited By WION Video Desk
Published: Mar 22, 2026, 12:30 IST | Updated: Mar 22, 2026, 12:30 IST
The US has allowed the sale of Iranian oil at sea in its latest effort to counter rising oil prices due to the escalating West Asia war. The treasury department waived sanctions on Iranian oil that have already been loaded onto tankers through to April 19th. This measure follows similar decision on Russian oil on the water.
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