Reuters reports that Washington may lift sanctions on Iranian oil stuck on tankers in the coming days. U.S. Treasury Secretary Scott Bessent stated on Fox Business Network that the move concerns roughly 140 million barrels that could return to the global market.
According to him, this step could help keep oil prices stable for the next 10-14 days by increasing supply and easing pressure on consumers.
This is not the first precedent: recently, the U.S. Treasury allowed the sale of Russian oil that had been under sanctions. At that time, about 130 million barrels entered the market, helping to stabilize the situation.