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U.S. Treasury Unlocks Sanctioned Iranian Oil to Cut Prices and Counter Tehran’s Energy Attacks

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR:

  • U.S. Treasury issued a short-term authorization releasing 140 million barrels of stranded Iranian oil to global markets.
  • China had been quietly hoarding sanctioned Iranian oil at discounted prices before the Treasury intervened with this measure.
  • Iran will struggle to access revenue from the oil sales as maximum pressure on its financial system stays fully intact.
  • The Trump administration has now moved roughly 440 million additional barrels of oil into global supply through targeted actions.

Iranian oil stranded at sea is set to reach global markets under a new U.S. Treasury measure. The Treasury Department announced a short-term authorization permitting the sale of sanctioned Iranian oil.

This move is part of President Trump’s Operation Epic Fury, targeting Iran’s role in global terrorism. The authorization is narrowly designed and covers only oil already in transit. It does not permit new purchases or production from Iran.

U.S. Turns Iranian Oil Barrels Against Tehran to Stabilize Global Energy Supply

The Trump administration is using sanctioned Iranian oil as a strategic tool against Tehran. China has been buying this supply at discounted prices, according to Treasury officials.

Around 140 million barrels will be released to global markets through the authorization. This aims to relieve temporary supply pressures caused by Iran.

Treasury Secretary Scott Bessent announced the measure on X, describing Iran as the head of the snake for global terrorism. He noted that Operation Epic Fury is progressing faster than initially anticipated.

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The authorization directly responds to Iran’s terrorist attacks on global energy infrastructure. Bessent framed the move as deploying America’s economic and military strength against Tehran.

The authorization is strictly limited to oil already at sea and in transit. New purchases and new production of Iranian oil remain prohibited under existing U.S. sanctions.

These restrictions ensure the measure does not expand access to Iran’s broader energy sector. The short-term, narrowly tailored nature of the authorization is fundamental to its scope.

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So far, the Trump administration has brought approximately 440 million additional barrels to global markets. The latest authorization adds 140 million more barrels to that cumulative total.

Together, these efforts work to undercut Iran’s leverage over disruptions in the Strait of Hormuz. Energy supply expansion remains central to the administration’s ongoing Iran pressure strategy.

Iran’s Revenue Access Stays Blocked as Maximum Pressure Policy Remains in Force

Despite the temporary authorization, Iran will face serious challenges accessing any revenue from the oil sales. The Treasury confirmed that maximum pressure on Iran’s financial systems will continue uninterrupted.

Iran’s access to international financial networks remains heavily restricted under active U.S. sanctions. This limits Tehran’s capacity to economically benefit from the measure.

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President Trump’s pro-energy agenda has driven U.S. oil and gas production to record levels. This has strengthened energy security and helped lower fuel costs for American consumers.

The administration views energy dominance as both an economic and geopolitical asset. Strong domestic supply reduces global vulnerability to state-sponsored energy disruptions.

The Treasury’s authorization fits within a broader coordinated economic and military campaign. Both tools are being deployed to maximize the flow of energy to global markets.

Bessent confirmed that the U.S. aims to ensure market stability throughout Operation Epic Fury. Sanctions enforcement and targeted supply relief are being applied in tandem.

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Bessent stated that any short-term market disruption will translate into longer-term economic gains for Americans. The administration maintains that there is no prosperity without security.

Operation Epic Fury continues applying pressure on Tehran while stabilizing global oil supply. Further measures remain available should Iran escalate its attacks on energy infrastructure.

 

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Crypto World

Bitcoin Heads Toward New Local Highs As US CPI Brushes Off Gas-Price Surge

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Bitcoin Heads Toward New Local Highs As US CPI Brushes Off Gas-Price Surge

Bitcoin (BTC) tagged $73,000 following Friday’s Wall Street open as crucial US inflation numbers came in below expectations.

Key points:

  • Bitcoin edges higher as US CPI data remains slightly below market expectations.

  • Gasoline prices see a historic surge within the CPI release.

  • Bitcoin traders plan out key resistance levels overhead.

BTC price seeks new local highs after CPI

Data from TradingView showed BTC price eyeing new multi-week highs as markets digested the March print of the Consumer Price Index (CPI).

BTC/USD one-hour chart. Source: Cointelegraph/TradingView

This was the week’s key macro data release, and the first CPI report to reflect the impact of the US and Israel war in Iran.

Gasoline prices jumped over 21% month-on-month, the Bureau of Labor Statistics (BLS) confirmed, but overall CPI finished 0.1% lower than markets’ expectations.

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“Over the last 12 months, the all items index increased 3.3 percent before seasonal adjustment,” an official news release read. 

“The index for energy rose 10.9 percent in March, led by a 21.2-percent increase in the index for gasoline which accounted for nearly three quarters of the monthly all items increase.”

US CPI 12-month % change. Source: BLS

Reacting, trading resource The Kobeissi Letter noted that the gas-price CPI jump was the largest monthly gain since 1967. The energy increase, it added in a further post on X, was the largest since 2005.

With the resulting mixed picture of inflationary forces, US stocks were mostly flat at the open, while BTC price action also avoided major moves up or down.

Fed target rate probabilities (screenshot). Source: CME Group

Markets, however, had no hope for the Federal Reserve cutting interest rates — a conclusion already in place on the back of Thursday’s Personal Consumption Expenditures (PCE) index release, per data from CME Group’s FedWatch Tool.

Bitcoin traders draw the next resistance zones

Among Bitcoin market participants, there was modest reason for optimism over the short-term price outlook.

Related: Bitcoin analysis sees $55K BTC price ‘iron bottom’ by December 2026

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In their latest X analysis, trader JDK Analysis flagged BTC/USD acting within a narrowing wedge — a topic of debate since February.

“If price makes another attempt at the current key high, the reaction there will be critical!” they wrote in accompanying commentary.

BTC/USD perpetual contract eight-hour chart. Source: JDK Analysis/X

Trader Daan Crypto Trades meanwhile eyed exchange order-book liquidity below $74,000.

Earlier, Cointelegraph reported on a copycat signal from Bitcoin’s relative strength index (RSI) that began to echo the end of the 2022 bear market.

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