Revision History

Three weeks into a US-Israeli military campaign against Iran, the Trump administration issued a 30-day sanctions waiver allowing the sale of approximately 140 million barrels of Iranian crude oil stranded at sea, in a bid to contain oil prices that have surged past $110 per barrel. The move represents a stark reversal of Trump's own "maximum pressure" doctrine and has drawn bipartisan criticism, with opponents warning it will funnel billions to the very regime the US is fighting.