U.S. Official: U.S. Government to End Iran Oil Sanctions Waiver This Week

BlockBeats News, April 15th. According to Reuters, two U.S. government officials said on Tuesday that the Trump administration will allow a 30-day waiver on sanctions targeting Iran's maritime oil to expire later this week, as the U.S. currently blocks shipments from Iranian ports. The waiver, issued by the U.S. Treasury on March 20th, allowed about 140 million barrels of oil to enter the global market and eased energy supply pressures during the Iran war.

U.S. Treasury Secretary Yellen said last month that the waiver would expire on April 19th. Against the backdrop of criticism from both U.S. lawmakers for temporarily easing sanctions on Iran and Russia amid the U.S.-Iran war and the ongoing Russia-Ukraine conflict, a U.S. official said Washington has various means to target institutions buying Iranian oil, including "secondary sanctions."

The source of the news said, "In addition, as the UN sanctions on Iran are being reintroduced and Iran has a history of trying to mask its illicit activities through seemingly legitimate actions, any dealings with Iran could trigger additional sanctions."