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Middle East crisis live: US eases sanctions on Iranian oil as Trump claims he is mulling ‘winding down’ war; Israel hits Tehran again | US-Israel war on Iran

Middle East crisis live: US eases sanctions on Iranian oil as Trump claims he is mulling ‘winding down’ war; Israel hits Tehran again | US-Israel war on Iran

US lifts sanctions on Iranian oil at sea

The US treasury has authorised the purchase of some Iranian oil that is already at sea, exempting buyers from its own sanctions.

The sanctions licence permits the purchase of oil from Iran if it was loaded on to a vessel by 12.01am ET (5.01am GMT) on Friday. The exemption runs until 19 April.

The licence aims to stem the surge in oil prices caused by the US-Israeli war on Iran.

The move had been telegraphed earlier this week by US treasury secretary Scott Bessent, who told Fox Business Network’s Mornings With Maria: “In the coming days, we may un-sanction the Iranian oil that’s on the water. It’s about 140m barrels.”

“That’s about 10 days to two weeks of supply that the Iranians had been pushing out that would have all gone to China,” he added.

double quotation markIn essence, we will be using the Iranian barrels against the Iranians to keep the price down for the next 10 to 14 days as we continue this campaign.

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Key events

Israel launches fresh attacks on Tehran

The Israeli military says it is striking Iranian regime targets in Tehran.

That move came after its strikes on Beirut earlier on Saturday, the Israel Defence Forces (IDF) said on social media.

A while before the Tehran strikes the military said it had identified missiles fired from Iran towards Israel and that its defence systems were operating the intercept them.

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