15.04.2026 01:09
The U.S. Department of the Treasury announced that the temporary license allowing the sale of Iranian oil awaiting at sea will not be renewed upon its expiration and that steps have been taken to increase pressure on Iran.
The U.S. Department of the Treasury announced that the temporary license allowing the sale of Iranian oil awaiting at sea will not be renewed upon its expiration.
U.S. WILL NOT RENEW DECISION TO LIFT SANCTIONS
A post regarding the matter was shared from the account of the U.S. Department of the Treasury on the social media platform of the American-based X company. The post emphasized that the Department continues to maintain maximum pressure on Iran by taking determined steps within the scope of "Economic Anger."
LICENSE EXPIRES WITHIN A FEW DAYS
The post, which underlined that the Department is using all available tools and authorities to the fullest and is ready to implement secondary sanctions against foreign financial institutions that continue to support Iran's activities, stated, "The short-term license allowing the sale of Iranian oil awaiting at sea will expire within a few days and will not be renewed."
The license issued by the Department had temporarily permitted transactions related to the sale, delivery, or unloading of Iranian-origin crude oil and petroleum products loaded onto vessels before 00:01 local time on March 20.
It was reported that the said permission would be valid until 00:01 local time on April 19.