US Considers Waiving Sanctions on Iranian Oil Already in Transit

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The United States is weighing the possibility of issuing waivers for sanctions on Iranian oil that has already been shipped, according to sources familiar with the matter. This potential move comes as the Biden administration seeks to balance its efforts to contain Iran's nuclear program with concerns about rising energy prices. Waiving sanctions on oil already in transit could provide a temporary boost to global oil supplies and potentially lower prices. However, it could also be seen as a concession to Iran and may face criticism from those who advocate for a tougher stance against the country. The decision is likely tied to ongoing diplomatic efforts to revive the Iran nuclear deal.