US may lift sanctions on Iranian oil in tankers
pre-market1 source ↓written by the desknot a recommendation
- of Iranian oil
- 140 million barrels
The U.S. may soon remove sanctions on 140 million barrels of Iranian oil stranded at sea, according to Treasury Secretary Scott Bessent. This move aims to alleviate soaring oil prices, which have exceeded $100 per barrel due to Iran's closure of the Strait of Hormuz. The release could stabilize prices for the next 10 to 14 days.
Not investment advice. For informational purposes only.