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 "remains committed to continuing to strengthen our critical supply chains" amid the Iran war, press secretary Karoline Leavitt said.

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

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…

The U.S. Has Not Meaningfully Imported Iranian Oil Since Washington Imposed Measures After the 1979 Revolution. It Was Unclear Whether Any Iranian Oil Would End Up in the Country…