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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 Mining Difficulty Drops 7.7% in Biggest Cut Since February

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Bitcoin Mining Difficulty Drops 7.7% in Biggest Cut Since February

Bitcoin’s mining difficulty fell by around 7.7% at the latest adjustment on March 20 to 133.79 trillion at block 941,472, the sharpest drop since February, according to CoinWarz data.

The latest move takes difficulty down from around 145 trillion in mid-March and roughly 148 trillion at the start of the year. A lower difficulty means it takes less computational work to earn the same block reward, slightly improving revenue per unit of hashrate for firms that stay online.

The adjustment followed slower-than-target block production over the prior 2,016 blocks. CloverPool data showed average block times at about 12 minutes 36 seconds, well above Bitcoin’s 10-minute target, forcing the network to recalibrate lower.

In February, difficulty dropped sharply after weather-related disruptions in the United States temporarily knocked large American mining facilities offline, and it later rebounded by about 15% as hashrate returned to the network once power conditions normalized. 

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Bitcoin (BTC) difficulty measures how hard it is for miners to find a valid hash for the next block and is automatically adjusted to keep issuance steady at one block every 10 minutes.

When more computing power, or hashrate, joins the network, difficulty rises to prevent blocks from being mined too quickly, while a decline in hashrate triggers a lower difficulty, making it easier for remaining miners to earn rewards. 

Bitcoin difficulty drops 7.7%. Source: CoinWarz

Related: Cango reports $285M Q4 loss as Bitcoin mining costs surge in 2025

The next difficulty adjustment is currently estimated for April 3, though that projection changes with each new block.

Miners pivot to AI as power costs bite

The difficulty reset also comes as several listed miners push further into AI and high-performance computing infrastructure in search of steadier returns on power and data-center capacity.

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Last week, crypto trader Ran Neuner argued AI had become Bitcoin mining’s biggest competitor as both industries compete for electricity, even going as far as to say that “AI has killed Bitcoin forever.” 

Bitcoin miners such as Core Scientific, MARA Holdings, Hut 8 and Cipher Mining have begun reallocating capacity or pivoting toward AI workloads, while some operators have reduced hashrate or shut down less efficient rigs as profitability tightens.

On Feb 21, Bitdeer liquidated 943 BTC from reserves and sold newly mined coins, cutting corporate holdings to zero. In its latest weekly update on March 21, it confirmed that its BTC holdings remained at zero.

Big questions: Would Bitcoin survive a 10-year power outage?

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