Vahid Online in English

Automated AI translations of Vahid Online reporting. Exported from the Telegram Channel. Original content also available on X/Twitter.

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22 Apr 2026, 16:03

Scott Basset, the U.S. Treasury Secretary, announced on Wednesday that the sanctions exemption for oil at sea belonging to Russia and Iran has been extended for 30 days. He stated that this decision was made following requests from about 10 countries vulnerable to oil shortages due to the closure of the Strait of Hormuz.

Basset added that the Treasury Department was able to free up more than 250 million barrels of oil at sea by granting sanctions exemptions and noted that without this action, prices would have risen.

At the same time, Mahmoud Nabavian, a member of parliament and part of the Islamic Republic's delegation to Pakistan, said: "During the war, our oil sales increased significantly; we have now sold all the oil at sea at double the price, and we currently have not a drop of oil left at sea."
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