How Iran War Turned Sanctions Into Real-Time Market Management Tool
✍️ Written by Saket Suman Within a span of just over two weeks, the United States has issued three separate sanctions waivers, first for Indian-bound Russian crude, then for Russian oil globally, and now for Iranian crude itself. This has revealed a pattern that suggests Washington’s sanctions regime is no longer a static enforcement mechanism but a dynamic tool being repositioned in real time to balance war objectives with global energy stability. Representational Image Via: U.S. Central Command As IndianRepublic.in had earlier reported on March 6 , the U.S. Treasury issued General License 133 permitting Indian refiners to receive Russian crude already at sea, with Treasury Secretary Scott Bessent stating the aim was to “ensure oil continues flowing into global markets,” even while maintaining pressure on Russia. That India-specific measure was expanded on March 13 through General License 134 , which allowed the delivery of Russian crude glo...