US pauses sanctions on Iranian oil ‘stranded at sea’ to help curb skyrocketing energy prices
Headline from New York Post, on the newest of 2 developments
Bessent said easing sanctions would allow 140 million barrels of oil to hit global markets and help “relieve the temporary pressures on supply caused by Iran.”
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US Treasury Secretary Scott Bessent said Thursday that Washington might lift sanctions on Iranian oil that is already being shipped, as energy prices soar due to the war in the Middle East.The deliberation comes as Washington scrambles to ease high energy costs that have been filtering down to US co…
As energy markets grow increasingly volatile, US Treasury Secretary Scott Bessent said the United States could lift sanctions on Iranian oil at sea in order to put downward pressure on prices. The move would free up about 140 million barrels of oil, Bessent said in an interview with Fox Business on …
Bessent said easing sanctions would allow 140 million barrels of oil to hit global markets and help “relieve the temporary pressures on supply caused by Iran.”
Trump administration officials are making a desperate push to secure every available barrel of oil amid a worsening energy crisis — even if it means lifting sanctions on the very country that they’re fighting against.
