U.S. Signals Possible Temporary Relief on Iranian Oil Sanctions
WANA (Mar 19) – Scott Bessent, the U.S. Treasury Secretary, said Washington may temporarily lift sanctions on Iranian oil as part of efforts to manage global energy prices.
Speaking on the issue, Bessent noted that the United States had previously eased restrictions on Russian oil, adding: “In the coming days, we may remove sanctions on Iranian oil that is currently stored offshore.”
He estimated the volume at around 140 million barrels and indicated that the move could be used strategically to influence oil prices.
“We will use Iranian oil barrels against Iran to keep prices down over the next 10 to 14 days while this military campaign continues,” he said.
The remarks suggest a short-term policy adjustment aimed at stabilizing global markets amid ongoing geopolitical tensions.
Iran Weighs Charging Tolls on Ships Passing Through the Strait of Hormuz
WANA (Mar 19) – A member of Iran’s parliament has announced that lawmakers are pursuing a proposal that would require countries to pay fees and taxes for using the Strait of Hormuz, framing the move as compensation for Iran’s role in ensuring maritime security. Somayeh Rafiei, a representative of Tehran in the Islamic Consultative […]
