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KBC Digitalvia BBC NewsMar 20, 2026

US considers lifting sanctions on some Iranian oil

Secretary Bessent proposed lifting sanctions on Iranian oil already at sea to help lower global energy prices during the current supply shock.

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US lifts sanctions on some Iranian oil as gas prices soar
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US considers lifting sanctions on some Iranian oil
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tl;dr

Treasury Secretary Scott Bessent has proposed lifting sanctions on some Iranian oil at sea to stabilize soaring global energy prices caused by regional conflict, despite concerns about funding the Iranian regime.

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