Wednesday - March 25, 2026
Reed Criticizes Lifting Oil Sanctions on Iran & Gifting Regime Up to $14 Billion Windfall
March 23, 2026
WASHINGTON, March 23 -- Sen. Jack Reed, D-Rhode Island, issued the following news release:

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Reed Criticizes Lifting Oil Sanctions on Iran & Gifting Regime Up to $14 Billion Windfall

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WASHINGTON, DC - On Friday, the Trump Administration waived sanctions on the purchase of Iranian oil at sea for 30 days, abruptly lifting oil sanctions on around 140 million barrels of Iranian oil, and opening up those barrels for sale to the entire world . . .

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