30-day exemption order, a temporary solution for the energy market

⑴ The U.S. Treasury has recently announced a 30-day sanction waiver for maritime sales of Iranian oil, aiming to ease energy supply pressures in the market following the U.S.-Israel conflict. This marks the third temporary relaxation of sanctions by the U.S. in about two weeks, during which restrictions on Russian oil have also been loosened. ⑵ According to the general license, Iranian crude oil and products shipped between March 20 and April 19 are permitted for sale. Treasury Secretary Besent stated that this move will quickly inject approximately 140 million barrels of crude oil into the global market, with the goal of increasing supply and helping to alleviate short-term pressures. ⑶ From a trading psychology perspective, the repeated changes in sanction pace highlight the policy's balance between curbing oil prices and maintaining supply. Institutional data shows that the energy market has been continuously pricing in geopolitical risks recently, and this waiver acts as a regulatory variable for the tight supply expectations. ⑷ Besent said in a statement that this operation aims to use Iranian crude oil to lower prices, offsetting potential volatility caused by military actions from Tehran. The market's future focus will be on whether the policy will be further extended or adjusted after the 30-day window period.