US to Let Iran Oil Sanctions Waiver Expire Amid Blockade

The Trump administration will allow a waiver temporarily authorizing the purchase of certain Iranian crude oil to expire this weekend.

“The short-term authorization permitting the sale of Iranian oil already stranded at sea is set to expire in a few days and will not be renewed,” the US Treasury Department said in a social-media post Tuesday, adding that it intended to use other levers available to keep up pressure on Iran.