'We had to save the village to destroy it.'
@SeanCasten @HarriettMB Ah, just wait until the Iranians agree to let shipping through the Strait, *providing* the ships are flagged with Iran.
Not only would Iran then take a cut of everything flowing through the Gulf, the US would no longer be able to easily pick on Iranian-flagged vessels.
@SeanCasten I guess it can’t happen soon, but Bessent needs to lose his job.
He seemingly does absolutely nothing except tell lies to help Donald #trump
Treasury Secretary Scott Bessent said that to calm the markets, the United States was thinking about releasing more from the Strategic Oil Reserve, which the administration had failed to refill to capacity in the run-up to the war. But more strikingly, he has discussed suspending sanctions on Iranian oil already at sea - in an effort to free up roughly 140 million barrels - as another way to tamp down prices.
That would, of course, bring more revenue to Iran, but Mr. Bessent insisted that "we will be using the Iranian barrels against the Iranians to keep the price down for the next 10 or 14 days, as we continue this campaign."