Trump gets creative on oil prices as crude soars to $115 per barrel

As international benchmark Brent Crude jumped to nearly $120 per barrel Thursday morning, Treasury Secretary Scott Bessent revealed another tool the administration can use: lifting long-standing sanctions on Iranian oil. “In the coming days, we may unsanction the Iranian oil that’s on the water,” Bessent told Fox Business, adding that it would affect roughly 140 million barrels of oil. “Depending on how you count it, that’s 10 days to two weeks of supply,” Bessent said. The move would mirror the administration’s earlier decision this month to loosen sanctions on Russian oil, freeing up 130 million barrels for global supply. Under…