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Washington Examiner

Vance says Trump can temporarily lift Iran oil sanctions without Congress

U.S. Vice President JD Vance said the Trump administration is confident it can temporarily lift sanctions on Iranian oil without seeking congressional approval. The shift could significantly expand Iran’s crude export capacity. Several Senate leaders said they were not notified in advance and raised concerns about a $300 billion regional reconstruction fund and whether looser sanctions could bolster Iran’s regional proxies. The policy change, if implemented, would directly add to global oil supply and put material downward pressure on prices.
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Geopolitics