"What #Bessent actually announced
"The 140 million barrels represent #Iranian crude that had been stranded or flowing at steep discounts, primarily to China, under existing sanctions.
"...lifting those restrictions would allow the oil to reach global markets at full price, diverting it away from China and toward U.S. allies including Japan, South Korea, Malaysia, Singapore, and India, according to The Hill."

The Street https://www.yahoo.com/finance/sectors/energy/articles/bessent-makes-stunning-claim-iran-003700228.html
#ClimateCrisis #TrumpRegime #USPolitics

Bessent makes stunning claim about Iran and its oil

With oil prices surging past $100 per barrel and the Strait of Hormuz effectively closed, the Trump administration reached for an unusual lever. It decided...

Yahoo Finance