US Treasury Secretary Bessent Suggests Lifting Sanctions on Iranian Oil
US Treasury Secretary Scott Bessent stated that the US may soon remove sanctions on Iranian oil stranded on tankers, an action he believes will increase oil supply and lower prices, though long-term effects remain uncertain.
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US may remove sanctions on Iranian oil stranded in tankers, Bessent says - Reuters
US may remove sanctions on Iranian oil stranded in tankers, Bessent says Reuters
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US treasury secretary says actions will increase oil supply and bring down prices, but long-term effects in question The US may soon remove sanctions on Iranian oil stranded on tankers at sea, the treasury secretary, Scott Bessent, said on Thursday as Washington seeks to curb prices soaring over Iran’s closure of the strait of Hormuz. “In the coming days, we may un-sanction the Iranian oil that’s on the water. It’s about 140m barrels,” Bessent said during an appearance on Fox Business Network...
By Guardian staff and agencies
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