On September 6, the US State Department announced it would renew sanctions waivers for Iranian crude oil exports for an additional 120 days. The move permits several countries importing Iranian oil, including China and India, to continue trading without violating Washington's sanctions measures.
According to a statement from the US State Department, the decision aims to maintain stability in global energy markets while preserving maximum pressure on Iran's nuclear and missile programs. Diplomatic sources indicate that the volume of oil covered by the waiver will be capped at roughly 1.2 million barrels per day, consistent with previous periods.
The sanctions waiver program is part of the US diplomatic strategy to prevent Iran from developing nuclear weapons while avoiding disruptions to energy markets already strained by the Ukraine conflict. Iran's representative to the United Nations has not yet issued an official comment on the announcement.
