Scott Bessent Says U.S. Could Lift Sanctions on More Russian Oil

Government

Treasury Secretary Scott Bessent on Friday said that the U.S. could further relieve Russian sanctions as gas and oil prices soar following Iran's decision to shut off shipping access through the Strait of Hormuz. Discussing India's need to cover a gap in its oil supply, Bessent told FOX Business host Larry Kudlow: "We have given them permission to accept the Russian oil. We may unsanction other Russian oil." The White House in response to a Newsweek request for comment referred to the Treasury