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Oil Markets: Washington Authorizes Sale of Iranian Crude Stored at Sea to Curb Rising Prices

Oil Markets: Washington Authorizes Sale of Iranian Crude Stored at Sea to Curb Rising Prices

The administration of Donald Trump has temporarily authorized the sale of approximately 140 million barrels of Iranian oil currently stored at sea, according to multiple sources. The decision comes amid heightened geopolitical tensions in the Middle East and disruptions affecting global energy flows.

According to U.S. authorities, the measure is intended to rapidly increase oil supply on international markets in order to contain the recent surge in prices. The volumes involved consist of crude that has already been produced and is being held on tankers awaiting delivery.

The move takes place against a backdrop of escalating tensions with Iran, as well as disruptions in the Strait of Hormuz, a key route for global oil shipments. Industry data indicate that a significant share of the world’s oil supply transits through this corridor, making any disruption likely to impact global prices.

In recent days, oil prices have risen sharply, driven by concerns over supply security. The U.S. decision is therefore aimed at easing pressure on energy markets by injecting additional volumes in the short term.

However, the measure has raised questions among observers. Some argue it could be at odds with Washington’s sanctions policy toward Tehran, while others view it as a pragmatic response to an exceptional situation, intended to limit the economic impact of sustained high energy prices.

No details have been provided بشأن a possible extension of this authorization, which has been described as temporary. U.S. officials have also not specified the exact mechanisms for implementation or the entities involved in the transactions.

As geopolitical developments continue to unfold, markets remain attentive to any measures likely to influence the balance between global oil supply and demand.