The US temporarily authorizes the sale of Iranian oil stranded at sea to try to stop the rise in prices


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The US will allow the temporary delivery and sale of Iranian crude oil and derivatives from stranded ships to stop the rise in gasoline prices.

The measure, communicated by the Treasury Department, implies a lifting of sanctions for 30 days, until April 19.

The decision comes against a backdrop of war and closure of the Strait of Hormuz, a key route for global oil trade.

The United States authorized this Friday the temporary delivery and sale of Iranian crude oil and petroleum products from already loaded ships that are stranded at sea with the intention of stopping the escalation of gasoline prices worldwide.

As reported by the US Treasury Department, the sanctions will be lifted for a period of 30 daysuntil next April 19, while the war advances into its third week and the Strait of Hormuz continues to be closed.

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