U.S. Issues One-Month Waiver for Iranian Oil Shipments at Sea Amid Sanctions
The United States Treasury has authorized a limited, time-bound waiver allowing the delivery and sale of Iranian-origin crude oil already loaded on vessels before March 20, 2026, granting a one-month window until April 19, even as broader sanctions on Iran remain firmly in place. File Photo of Kharg Island; Via: Adam Cochran In an official General License U issued by the Office of Foreign Assets Control (OFAC) , the U.S. said that “all transactions… ordinarily incident and necessary to the sale, delivery, or offloading of crude oil or petroleum products of Iranian origin loaded on any vessel… on or before 12:01 a.m. eastern daylight time, March 20, 2026 are authorized through 12:01 a.m. eastern daylight time, April 19, 2026,” effectively creating a narrowly defined compliance window for cargoes already in transit. The license explicitly covers operational and logistical activities required to complete such deliveries, stating that permitted transactions include those nece...