US lifts sanctions on Iranian oil stranded at sea
Airfind news item
By Sarah Davis
Published on March 21, 2026.
The US government has lifted sanctions on Iranian oil stranded at sea, allowing for the sale of an additional 140 million barrels for the global market. The move comes as the conflict between the U.S. and Iran continues to increase global energy costs. The temporary measure is in effect through April 19 and does not allow new purchases or production. Critics, including Sen. Richard Blumenthal (D-Conn), called the move "sickeningly, shamefully stupid" and accused the administration of helping Tehran with "windfall cash". The administration has taken several steps to alleviate the economic impacts of the ongoing military operations.
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