US Halts Sanctions on Iranian Oil on Tankers Until April 19

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US Pauses Sanctions on Iranian Oil Amid Soaring Prices, Regional Tensions

Representational image (Image: News18)

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News18•21-03-2026, 05:30

US Pauses Sanctions on Iranian Oil Amid Soaring Prices, Regional Tensions

•US officials temporarily lifted sanctions on Iranian oil stranded at sea until April 19.
•The move aims to bring down soaring oil prices, applying to oil loaded on ships as of Friday.
•Iran threatened to expand retaliatory attacks globally, while the US sent more warships to the region.
•President Trump later suggested 'winding down' military operations after oil price hikes impacted the US stock market.
•The conflict continues with Iranian attacks on Israel and Gulf energy sites, amidst Israeli airstrikes in Tehran.

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