US-Iran War: US Lifts Sanctions on Iranian Oil At Sea to Ease Crisis
Edited By WION Video Desk
Published: Mar 21, 2026, 20:30 IST | Updated: Mar 21, 2026, 20:30 IST
Amid the escalating US-Iran war, the United States has temporarily lifted sanctions on Iranian oil already at sea in a bid to stabilise global energy markets. The 30-day waiver could release nearly 140 million barrels of crude into international supply chains as oil prices surge above $100 per barrel following disruptions linked to the Strait of Hormuz crisis.
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