Treasury Secretary Scott Bessent broached waiving sanctions on oil already at sea, which would be a stunning reversal of longstanding American policy.

Top News of the day on March 19, 2026

WASHINGTON: US Treasury Secretary Scott Bessent said Thursday that Washington might “unsanction” Iranian oil that is already being shipped, as energy prices soar due to the war in…

Treasury Secretary Scott Bessent said Thursday that the United States may lift sanctions on Iranian oil already in transit to slow rising gas prices.

Treasury Secretary Scott Bessent broached waiving sanctions on oil already at sea, which would be a stunning reversal of longstanding American policy.

U.S. may lift sanctions on Iranian oil in tankers to boost global supplies and lower prices, says Treasury Secretary Bessent.

Scott Bessent says actions will increase oil supply and bring down prices, but long-term effects in question

India was a major buyer of Iranian crude, peaking at about 11.5% of its total purchase, before 2018 sanctions tightened.

Treasury secretary Scott Bessent says move will bring 140m barrels to market but insists Tehran will not benefit

The waiver will bring some 140 million barrels of oil to global markets and help relieve pressure on energy supply, Treasury Secretary Scott Bessent said.

The waiver will bring some 140 million barrels of oil to global markets and help relieve pressure on energy supply, Treasury Secretary Scott Bessent posted on X.

The Trump administration waived sanctions on the purchase of Iranian oil at sea for 30 days on Friday in its latest attempt to ease oil prices that have been driven up by the…