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US may remove sanctions on Iranian oil stranded in tankers, Bessent says

ReutersMar 19, 2026 12:26 PM

WASHINGTON, March 19 (Reuters) - The U.S. may soon remove sanctions from Iranian oil that is stranded on tankers to help lift global supplies and reduce prices, U.S. Treasury Secretary Scott Bessent said on Thursday.

"In the coming days, we may unsanction the Iranian oil that's on the water. It's about 140 million barrels," Bessent told Fox Business Network's "Mornings with Maria" program.

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