And US Treasury is trying to waive Iranian oil 's sanction too? I wonder whose great idea is that? I hope it's not from any pro-Putin CCP. Putin played the same trick to make Russian oil available, which should never happen! This is rewarding Putin/IRGC for blocking the strait of Hormuz and will allow the Putin/old Iranian regime to survive.
https://www.bbc.com/news/articles/c9d415g55nno
Let this be a motivation for the renewable energy transition and gulf countries' risk diversification from the strait of Hormuz via existing and new pieplines. Gulf countries in the future should plan to expand their pipeline to directly supply EU market. So EU do not have to buy Putin's oil anymore.
And this also shows you whoever planned this operation lacks good solution to the closure of hormuz at this moment?
