Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
NEW YORK, March 21 (Xinhua) — The U.S. Treasury Department on Friday issued a general license temporarily lifting sanctions on Iranian oil at sea for 30 days to ease supply shortages amid shipping disruptions in the Strait of Hormuz.
A general license issued by the U.S. Treasury Department's Office of Foreign Assets Control authorizes the delivery and sale of Iranian-origin crude oil and petroleum products loaded onto tankers as of March 20.
Operations to ensure the safe mooring and berthing of the relevant tankers, to ensure the health and safety of crews, to carry out emergency repairs and to protect the environment, as well as other related operations, are also permitted.
Notably, this license allows the import of crude oil and petroleum products of Iranian origin into the United States.
"This temporary, short-term authorization applies only to oil already in transit and does not involve new purchases or production," US Treasury Secretary Scott Bessent wrote on Friday on social media.
He said it would be difficult for Iran to access any proceeds from these transactions, and the United States would continue to exert maximum pressure on Iran and limit its ability to access the international financial system.
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