The United States has introduced a 30-day waiver permitting the sale of Iranian oil at sea, a step aimed at increasing global supply and easing pressure on rising oil prices.

Announced on Friday, the measure is part of Washington’s broader strategy to stabilize energy markets amid escalating geopolitical tensions involving Iran. Officials said the additional supply could help relieve market pressure as prices have surged above $100 per barrel.

Treasury Secretary Scott Bessent stated that the waiver could add roughly 140 million barrels of oil to global circulation, helping to ease supply constraints in the short term. He added that the move is intended to support consumers and businesses while maintaining sanctions pressure on Tehran.

Under the temporary authorization, Iranian oil can be traded and delivered under specific conditions required to complete ongoing transactions. However, certain regions, including Cuba, North Korea, and Crimea, remain excluded from the arrangement.

The policy comes as concerns grow over rising energy costs, with officials noting potential economic impacts in the lead-up to the upcoming US midterm elections. The administration has also introduced additional measures in recent weeks to increase oil supply and stabilize prices.

The US has largely avoided importing Iranian crude since sanctions were imposed following the 1979 revolution, and it remains unclear whether any of the released oil will enter American markets.

The move is expected to benefit Asian markets, which are among the largest consumers of Middle Eastern oil. Officials said shipments could reach the region within days, with market effects likely to follow as the oil is processed and distributed.

This marks the third temporary waiver issued by the US in recent weeks as it seeks to counter supply disruptions and moderate prices amid ongoing geopolitical uncertainty.