Global energy markets are facing increased volatility as the Trump administration temporarily eased sanctions on Iranian oil, allowing around 140 million barrels already at sea to enter global markets in an effort to stabilize supply. The move comes amid disruptions to oil flows caused by regional conflict and concerns over transit through the Strait of Hormuz, which have driven prices higher. U.S. officials described the decision as a short-term measure to ease supply constraints and lower price pressures while maintaining broader sanctions. This development highlights the tension between maintaining economic pressure on Iran and managing the global energy impact of the conflict.