US to allow waiver on Iran oil to expire, administration sources say

The Donald Trump administration will allow a 30-day sanctions waiver on Iranian oil shipments to expire later this week, ending a temporary measure that had eased global supply pressures by allowing significant volumes of oil to reach markets. The move comes as the U.S. tightens its blockade on Iranian exports and faces bipartisan criticism over earlier sanctions relief, with officials warning that entities engaging with Tehran could face additional or secondary sanctions.

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