US may release more oil from reserve to push prices down, ‘unsanction’ Iran fuel: Bessent

Petrol

Treasury Secretary Scott Bessent said Thursday the Trump administration is considering another oil release from the Strategic Petroleum Reserve in order to decrease gas prices. “The US could unilaterally do another SPR release to keep the price down,” he told Fox Business Network’s “Mornings with Maria”. Bessent also said the US “ may unsanction the Iranian oil that’s on the water . It’s about 140 million barrels.” “In essence, we will be using the Iranian barrels against the Iranians to keep

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Bessent Says US Could Release More Oil From SPR Bloomberg Markets and Finance - 19.03.2026 15:01
Bessent Says US Could Release More Oil From SPR Bloomberg Markets and Finance - 19.03.2026 15:01

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Bessent Says US Could Release More Oil From SPR Bloomberg Markets and Finance - 19.03.2026 15:01
Bessent Says US Could Release More Oil From SPR Bloomberg Markets and Finance - 19.03.2026 15:01