US authorizes temporary sale of Iranian-origin oil

Financial outlets focus on how the waiver and SPR release affect oil and gas markets already shaken by the US/Israel‑Iran war and Hormuz risks. They highlight that Asian refiners, especially in India, are moving quickly to secure Iranian cargoes, while European gas prices react to shipping threats. They question whether these emergency barrels can offset war‑related disruptions or whether prices will stay high if Hormuz traffic is further restricted.

• •The 30‑day US waiver effectively returns a large one‑off batch of Iranian barrels to the market, easing near-term supply fears.
• •Indian and other Asian refiners are seeking discounted Iranian oil to cut import costs while prices remain above $100 per barrel.
• •European gas and energy prices are still rising as traders factor in possible disruptions in the Strait of Hormuz.
• •US oil and gas dealmaking has stalled because companies cannot price assets while war and sanctions waivers create uncertainty over future flows.
• •Asian buyers are also looking for more US oil and gas to reduce reliance on Middle Eastern supplies during the conflict.