Alan Macleod
Forced into a humiliating U-turn amid a potential global economic meltdown, the Trump administration announced today that it may remove sanctions on Iranian oil already at sea.
Treasury Secretary Scott Bessent told Fox News that the move to free up 140 million barrels of oil was aimed at preventing China gaining from the situation. "That's about 10 days to two weeks of supply that the Iranians had been pushing out that would have all gone to China," he said.