U.S. eyes 140 million barrels of Iranian oil to cut prices

Why Are We Lifting Sanctions on Iranian Oil During a War with the Mullahs?

A deep dive into the Trump administration’s decision to lift sanctions on 140 million barrels of oil from Iran currently at sea.

Embarrassing Pivot: US Considers Dropping Iran Oil Sanctions Amid War

Forced into a humiliating U-turn amid a potential global economic meltdown, the Trump administration announced today that it may remove sanctions on Iranian oil already at sea.  Treasury Secretary Scott Bessent told Fox News that the move to free up 140 million barrels of oil was aimed at preventing China gaining from the situation. “That’s about 10 days to two weeks of supply that the Iranians had been pushing out that would have all gone to Ch…

Sen. Richard Blumenthal decries ‘stupid’ decision to ease Iranian oil sanctions

Sen. Richard Blumenthal (D-CT) lambasted the Trump administration for lifting sanctions on some Iranian oil last week, allowing the sale of 140 million barrels of oil currently at sea in a bid to bring down oil prices globally and potentially netting Iran $14 billion. Lawmakers in both chambers, on a bipartisan basis, have spent years working to increase financial pressure on Iran, with broad support. Those efforts have been ongoing, including a…

Embarrassing Pivot: US Considers Dropping Iran Oil Sanctions Amid War » Sons of Liberty Media

Forced into a humiliating U-turn amid a potential global economic meltdown, the Trump administration announced today that it may remove sanctions on Iranian oil already at sea. Treasury Secretary Scott Bessent told Fox News that the move to free up 140 million barrels of oil was aimed at preventing China gaining from the situation. “That’s …

Trump Unveils Plan To Release 140 Million Barrels Of Iranian Oil To Lower U.S. Gas Prices

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U.S. eyes 140 million barrels of Iranian oil to cut prices

Treasury Secretary Bessent said Washington may waive sanctions on Iranian crude already at sea — but Brent is still trading near $109 a barrel after spiking to $120 on Thursday