U.S. eyes releasing Iranian oil afloat to cool prices
TL;DR Summary
The White House is weighing sanctions relief for Iranian oil floating on the sea to help cap surging prices, with Treasury Secretary Scott Bessent saying about 140 million barrels—roughly 10–14 days of supply—could be released and redirected to markets beyond China to blunt the war-driven price pressures.
- The U.S. weighs lifting Iranian oil sanctions to keep price in check Axios
- U.S. mulls lifting oil sanctions on Iran as it hits key Gulf energy sites The Washington Post
- U.S. Encourages Flow of Iranian Oil While It Battles Iran The New York Times
- Bessent rules out government intervention in oil futures market during Iran war Fox Business
- Trump administration may unsanction some Iranian oil as energy prices spike, Bessent says Politico
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