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Removing sanctions on Iran oil will bring supplies into ports, US energy secretary says

ReutersMar 20, 2026 11:23 AM

WASHINGTON, March 20 (Reuters) - Removing oil sanctions on stranded Iranian oil would get supplies to Asia within three or four days, U.S. Energy Secretary Chris Wright said on Friday.

Treasury Secretary Scott Bessent said on Thursday the U.S. may soon remove sanctions on Iranian oil stranded on tankers at sea, as Washington seeks to curb prices soaring over Iran's closure of the Strait of Hormuz.

"Within days, within three or four days, that oil will start to arrive at ports," Wright said in an interview with Fox Business Network.

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