US may unsanction Iranian oil to cool prices as Gulf war shakes energy markets

What Happened

The Trump administration is considering releasing 140 million barrels of Iranian oil to stabilize global prices amid escalating Gulf conflict.

Why It Matters

US Treasury Secretary Scott Bessent indicated a potential move within days to boost physical supply, describing it as a "break the glass plan.

Background Context

The Trump administration is considering releasing 140 million barrels of Iranian oil to stabilize global prices amid escalating Gulf conflict. US Treasury Secretary Scott Bessent indicated a potential move within days to boost physical supply, describing it as a "break the glass plan.

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Source: Times of IndiaOriginal Link

Source: Times of India

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