Oil Prices Are So Bad That Trump May Lift Sanctions on Iran

In response to skyrocketing oil prices as a result of the war with Iran, the Trump administration is considering lifting sanctions on the country it is currently bombing.

Treasury Secretary Scott Bessent told Fox Business Thursday morning that “we had a break-the-glass plan across the administration and at Treasury we unsanctioned Russian oil.”

“In the coming days, we may unsanction the Iranian oil that’s on the water,” Bessent added, claiming that their oil would amount to about “10 days to two weeks of supply that the Iranians had been pushing out that would have all gone to China.”

Bessent: "We unsanctioned Russian oil ... in the coming days, we may unsanction the Iranian oil that's on the water" pic.twitter.com/PmDJ9nXxEW

— Aaron Rupar (@atrupar) March 19, 2026

__

This is a developing story.