Easing of US Oil Sanctions Opens Brief Window for Iran Imports (opens original article in a new tab)

The 60-day easing of US oil sanctions on Iran has reopened the US market to Iranian crude for the first time in 35 years, potentially helping with global oil disruptions but with uncertain refiner interest.

• 60-day reprieve of US sanctions on Iranian oil allows US market access for Iranian crude for first time in 35 years
• Easing of sanctions could help alleviate global oil disruption but uncertainty remains about US refiners resuming purchases
• Iranian oil supply history in US dates back to 1977 with 850,000 barrels a day imports before 1979 revolution halted all purchases