Iran Oil Exports Soar As Bessent Floats Unsanctioning Iranian Oil Already-At-Sea

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If the unstated intention of the Iran war was to give far more leverage to Russia, and – paradoxically – to Iran, by legitimizing their sanctioned oil exports in a world suddenly starved of energy, then mission accomplished. Just days after the US “temporarily” lifted sanctions on Russian oil stored on sanctioned tankers, Secretary Scott Bessent said Thursday that the Trump administration may suspend sanctions on Iranian oil already at sea in a bid to clamp down on energy prices. “In the coming days we may unsanction Iranian oil that’s on the water, about 140 million barrels,” he said on…

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