Washington Examiner

Bessent eases oil sanctions on Iran and allows sale in US

Mar 21, 2026Center Right

Treasury Secretary Scott Bessent eased U.S. oil sanctions on Iran, even going so far as to allow the sale of some products in the United States. Global oil supply has been strangled due to Iran’s blockade of the Strait of Hormuz, sending oil prices skyrocketing. In another effort to increase supply and lower prices, the…

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