PANews reported on March 21 that, according to CCTV News cited by Jinshi, the United States approved a 30-day authorization on March 20 to conditionally ease sanctions on Iranian oil products. This authorization allows the delivery and sale of Iranian crude oil and petroleum products already shipped as of March 20. US Treasury Secretary Bessenter stated that the Treasury Department is issuing a "narrow-scope, short-term authorization" to allow the sale of Iranian oil currently stranded at sea. By temporarily releasing existing oil supplies, the US will quickly provide approximately 140 million barrels of oil to the global market. The temporary, short-term authorization is strictly limited to oil already en route.