1 hour ago
6
ARTICLE AD BOX
Last Updated:March 19, 2026, 18:43 IST
The US may ease restrictions on Iranian oil exports and release oil from reserves to stabilize global energy markets amid conflict, said Treasury Secretary Scott Bessent.
US Treasury Secretary Scott Bessent. (image: AP)
The United States is considering easing restrictions on Iranian oil exports already at sea, Treasury Secretary Scott Bessent said, signalling a potential shift in Washington’s approach as it seeks to stabilise global energy markets amid escalating conflict.
Speaking to Fox Business, Bessent said the US may allow more Iranian oil to reach global markets in a bid to ease supply pressures triggered by disruptions in key shipping routes, including the Strait of Hormuz.
He added that Washington could also undertake a unilateral release of oil from its strategic reserves to further calm markets if needed.
Location :
Washington D.C., United States of America (USA)
First Published:
March 19, 2026, 18:43 IST
News world US May Ease Curbs On Iranian Oil Already At Sea To Stabilise Supply: Bessent
Disclaimer: Comments reflect users’ views, not News18’s. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Read More
English (US) ·