Trump Considers Ending Iran War, US Temporarily Lifts Oil Sanctions Amid Global Supply Crisis
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Trump Considers Winding Down Iran War, US Eases Oil Sanctions Amid Crisis
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CNBC TV18•21-03-2026, 07:08
Trump Considers Winding Down Iran War, US Eases Oil Sanctions Amid Crisis
•US President Donald Trump announced he is considering "winding down" military operations against Iran, stating objectives are nearly met.
•The US Treasury temporarily lifted sanctions on Iranian oil shipments loaded before March 20, aiming to release 140 million barrels to global markets by April 19.
•Iran launched new drone and missile attacks on Saudi Arabia and Israel, hitting holy sites in Jerusalem and energy infrastructure in Kuwait and Qatar.
•Oil prices soared, with North Sea Brent crude up 3.26% to $112.19, and Wall Street stocks fell due to fears of global economic downturn.
•Trump declared "we have won" against Iran and stated other nations must secure the Strait of Hormuz, while denying plans for ground troops despite reports of US Marine deployment.