The latest “temporary 30-day general license” will “provide the most vulnerable nations with the ability to temporarily access Russian oil currently stranded at sea,” Treasury Secretary Scott Bessent said in a social media post.
Iran-Israel war LIVE: Iran submits new proposal, says U.S. open to sanctions relief
Iran’s top security body announced on Monday, May 18, the formation of a new body to manage the Strait of Hormuz, which Tehran has effectively closed and wants to charge ships to traverse.