Scott Bessent says actions will increase oil supply and bring down prices, but long-term effects in question Scott Bessent says actions will increase oil supply and bring down prices, but long-term effects in question The US may soon remove sanctions on Iranian oil stranded on tankers at sea, the treasury secretary, Scott Bessent, said on Thursday as Washington seeks to curb prices soaring over Iran’s closure of the strait of Hormuz. “In the coming days, we may un-sanction the Iranian oil that’