Philenews

Besed: Potential Lifting of Sanctions on Iranian Oil Afloat

Published March 19, 2026, 14:15
Besed: Potential Lifting of Sanctions on Iranian Oil Afloat

The United States is considering lifting sanctions on Iranian oil that remains stuck on tankers, aiming to boost global supply and contain prices. US Treasury Secretary Scott Besed announced that the lifting of sanctions could happen soon, encompassing approximately 140 million barrels. This move comes during a period of heightened geopolitical uncertainty and pressures on international energy flows. Releasing Iranian oil could help meet growing demand and stabilize prices. The decision appears to be part of a broader US strategy to address energy challenges and avoid further disruptions in the global market.