US Allows Sale of Stranded Iran Oil to Cap Fuel-Price Rises

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000War With Iran:The US has allowed the sale of Iranian oil and petrochemical products that have been loaded onto tankers, its latest effort to counter rising oil prices due to the Middle East war.The Department of Treasury issued a general licenseBloomberg Terminal for energy that’s already on vessels as of Friday, with such purchases authorized through April 19. This measure follows similar moves for Russian oil on the water in a bid to ease an unprecedented fuel supply crunch caused by the war.