Source: Reuters (via feed)
The U.S. may soon remove sanctions on Iranian oil stranded on tankers, U.S. Treasury Secretary Scott Bessent said on Thursday.
Bessent stated that lifting the sanctions could help increase global oil supplies. He also said it could contribute to reducing prices.
The sanctions currently affect Iranian oil that is unable to reach the market due to restrictions.
BizTrendWire Insight:
U.S. Treasury Secretary Scott Bessent’s remarks relate directly to U.S. sanctions policy on Iranian oil reserves held on tankers.
U.S. Treasury Secretary Scott Bessent’s remarks relate directly to U.S. sanctions policy on Iranian oil reserves held on tankers.
