No reprieve: US ends Iran oil waiver, ramps up pressure in Hormuz standoff

With days to go before a key deadline, the US has signalled there will be no reprieve for Iranian oil — and no easing of pressure. The Trump administration said it will not extend permission for the sale of Iranian oil beyond April 19, making clear that a temporary waiver allowing shipments already at sea will expire as scheduled, according to a statement from the US Treasury Department. In a post on X, the department said the short-term authorisation “is set to expire in a few days and will not be renewed,” reinforcing Washington’s push to tighten restrictions on Tehran’s…