Bessent clarified that this "narrowly targeted short-term authorization" does not imply new purchases or an increase in production volumes, nor does it lift existing pressure measures on Iran and restrictions on access to the international financial system.
From the American perspective, bringing these volumes to market could help increase global energy supplies and reduce prices amid issues related to the situation in the Strait of Hormuz. According to Reuters, the main buyers of this oil have previously been Chinese refiners, who purchased it at lower prices.
Nevertheless, U.S. authorities emphasize that this is a temporary measure aimed at curbing rising oil prices in the context of the ongoing conflict. According to Reuters, this is already the third such easing undertaken by Washington in recent weeks to stabilize the energy market.
The Iranian side, for its part, has denied Washington's statements. A representative of the Iranian Ministry of Oil stated that the country has no oil "at sea or for international markets," calling the actions of the U.S. an attempt to "instill hope in buyers."
