Trump administration temporarily lifts sanctions on Iranian oil at sea

2 hours ago 5

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Joe Walsh

Senior Editor, Politics

Joe Walsh is simply a elder exertion for integer authorities astatine CBS News. Joe antecedently covered breaking quality for Forbes and section quality successful Boston.

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March 20, 2026 / 7:20 PM EDT / CBS News

The U.S. Treasury has authorized the acquisition of Iranian lipid that's already astatine sea, exempting buyers from the choky sanctions that person restricted the country's lipid manufacture for years — a determination aimed astatine stemming soaring prices amid the U.S.'s warfare with Iran.

The sanctions license allows lipid from Iran to beryllium purchased if it was loaded onto a vessel by 12:01 a.m. ET connected Friday. The authorization lasts until April 19.

This is simply a breaking story; it volition beryllium updated.

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