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Trump Extends 30-Day Sanctions Waiver on Iranian Oil

3/21/2026

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Summary

Story summary

U.S. President Donald Trump issued a 30-day waiver for sanctions on Iranian oil in transit.
Treasury Secretary Scott Bessent says this is the third waiver in two weeks, covering oil loaded March 20 to April 19.
The measure would add about 140 million barrels to global markets.
Analysts warn the policy could aid Iran’s war effort.
Bessent says it applies only to oil in transit and permits no new purchases.

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Story summary

U.S. President Donald Trump issued a 30-day waiver for sanctions on Iranian oil in transit.
Treasury Secretary Scott Bessent says this is the third waiver in two weeks, covering oil loaded March 20 to April 19.
The measure would add about 140 million barrels to global markets.
Analysts warn the policy could aid Iran’s war effort.
Bessent says it applies only to oil in transit and permits no new purchases.