US Treasury: Temporary Waivers for Iranian Oil Sanctions Not to Be Extended Upon Expiration

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The US Treasury Department announced that temporary sanctions waivers for Iranian oil will expire within days and will not be extended. The statement emphasized that the US is maintaining maximum pressure on Tehran. These waivers allowed for the delivery and sale of Iranian oil loaded before March 20th, with an original expiration date of April 19th. This measure is one of the Trump administration's responses to energy price surges caused by the war, which also included extending sanctions waivers for Russian seaborne oil.