US Treasury Secretary Scott Bessent has signalled a possible easing of sanctions on Iranian oil already at sea as Washington seeks to stabilize global energy markets amid rising prices. "In the

US Treasury Secretary Scott Bessent said the addition of sanctioned Iranian oil into global supplies would help keep oil prices down for the next 10 to 14 days. Oil prices have been above $100 per barrel for much of the past two weeks as Iran has closed the Strait of Hormuz to shipping and has attacked tankers.