21-March-2026
Corporate News
 
US may remove sanctions on Iranian oil stranded in tankers, Bessent says
20-Mar-2026

The U.S. may soon remove sanctions from Iranian oil that is stranded on tankers to help lift global supplies and reduce prices, U.S. Treasury Secretary Scott Bessent said on Thursday. "In the coming days, we may unsanction the Iranian oil that's on the water. It's about 140 million barrels," Bessent told Fox Business Network's "Mornings with Maria" program. "So, depending on how you count it, that's 10 days to two weeks of supply," he added. Bessent said the addition of sanctioned Iranian oil into global supplies would help keep oil prices down for the next 10 to 14 days.

News Source:- https://economictimes.indiatimes.com/news/international/world-news/us-may-remove-sanctions-on-iranian-oil-stranded-in-tankers-bessent-says/articleshow/129686979.cms