U.S. temporarily allows purchase of Iranian oil held on ships

The Trump administration has issued a 30-day license that allows the purchase of Iranian crude oil that is already loaded and at sea. The move temporarily lifts sanctions on these specific shipments, which Iran says do not exist as floating stockpiles.

Officials described the action as a targeted measure to address oil already in transit. The Treasury Department's license applies only to oil loaded before a certain date and must be delivered within the 30-day window.