India, March 21 -- The US President Donald Trump-led administration waived sanctions on the purchase of Iranian oil at sea for 30 days on Friday in its latest attempt to ease oil prices that have been driven up by the US-Israeli war on Iran.

The waiver will bring some 140 million barrels of oil to global markets and help relieve pressure on energy supply, Treasury Secretary Scott Bessent posted on X. Track latest in US-Iran war here

It is the third time the US administration has temporarily waived sanctions on oil from US adversaries in a little more than two weeks.

"Iran is the head of the snake for global terrorism, and through President Trump's Operation Epic Fury, we are winning this critical fight at an even faster pace than antic...