Treasury Secretary Scott Bessent testifies before the Senate Committee on Banking, Housing, and Urban Affairs on Capitol Hill in Washington on Feb. 5, 2026. Madalina Kilroy/The Epoch Times
The United States has issued a 30-day sanctions waiver to allow the sale of Iranian crude oil and petroleum products that are currently stranded at sea, U.S. Treasury Secretary Scott Bessent said on March 20.
A general license had been issued authorizing the delivery and sale of Iranian crude oil and petroleum products that had already been loaded onto ships as of March 20, according to a document released by the Treasury Department’s Office of Foreign Assets Control. The license is valid until April 19.
