Florida [US], March 23 (ANI): US President Donald Trump on Monday justified his administration’s decision to temporarily ease sanctions on Iranian oil, stating that the move is intended to introduce as much oil into the system as possible.
Speaking to reporters, Trump emphasized that the decision is aimed at stabilizing global oil supply rather than benefiting Iran financially amid the ongoing conflict in West Asia.
He added that allowing the oil to enter the market would help meet global energy demand, while any revenue Iran might earn is unlikely to significantly impact the conflict.
“I just want to have as much oil in the system as possible. You have ships that are out there that are loaded up with oil. Rather than keep it there, I would rather see it go into the system. Any small amount of money that Iran gets is not going to have any difference in this war,” the US president said.
Earlier on Friday, amid heightened geopolitical tensions and concerns over disruptions to energy flows through the Strait of Hormuz, the United States announced a temporary easing of sanctions on Iranian-origin crude oil and petroleum products until April 19, including permitting the sale of Iranian crude and refined products into the United States.
Details of the decision were outlined in a statement from the US Department of the Treasury’s Office of Foreign Assets Control, which authorized the delivery and sale of crude oil and petroleum products of Iranian origin loaded on vessels as of March 20.
The statement specified April 19, 2026, as the date until which the exemptions on Iranian-origin crude oil and petroleum products would remain in effect.
“All transactions prohibited by the above-listed authorities that are ordinarily incident and necessary to the sale, delivery, or offloading of crude oil or petroleum products of Iranian origin loaded on any vessel, including vessels blocked under the above-listed authorities, on or before 12:01 a.m. eastern daylight time, March 20, 2026, are authorized through 12:01 a.m. eastern daylight time, April 19, 2026,” the statement said.
The statement also noted that the authorized transactions include the import of Iranian-origin crude oil and petroleum products into the United States. (ANI)
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