Bessent's remarks about lifting sanctions on Iranian oil to curb rising gas prices were met with confusion and criticism.

The plan to remove sanctions on Iran comes a week after the Trump administration temporarily eased sanctions on Russian oil.

Treasury Secretary Scott Bessent said Thursday that the United States may lift sanctions on Iranian oil already in transit to ...

Gas prices hit an average of $3.89 a gallon nationwide and global oil prices surged after Israel attacked a critical Iranian ...

China is a longstanding friend of Iran that has helped sustain the Islamic Republic through decades of sanctions and international isolation. Since the U.S. and Israeli militaries began striking Iran ...

Beijing has long been Iran’s key financial backer and oil buyer, but projection of stability and relations with the US ahead of Xi-Trump summit take precedence ...

Treasury Secretary Scott Bessent broached waiving sanctions on oil already at sea, which would be a stunning reversal of ...

The U.S. may soon remove sanctions on Iranian oil stranded on tankers at sea, Treasury Secretary Scott Bessent said on ...

Treasury Secretary Scott Bessent said the U.S. may lift sanctions on Iranian oil already at sea in the coming days, to ...

WASHINGTON, United States — US Treasury Secretary Scott Bessent said Thursday that Washington might lift sanctions on Iranian oil that is already being shipped, as energy prices soar due to the war in ...

Treasury Secretary Scott Bessent said early Thursday that the U.S. may lift sanctions on Iranian oil that is already in ...

Washington is considering easing sanctions on some Iranian oil to to help prevent a crunch in energy markets, after doing the same for Russia and Venezuela. “In the coming days, we may unsanction the ...