Home / Business / US weighs easing some Iran oil sanctions, authorizes $16.5B in Gulf arms sales

US weighs easing some Iran oil sanctions, authorizes $16.5B in Gulf arms sales

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 Thursday.

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, … [1359 chars]

Source: Al-Monitor | Published: 2026-03-19T00:00:00Z

Credit: Al-Monitor

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