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Today's Paper | March 20, 2026

Published 20 Mar, 2026 05:48pm

Removing sanctions on Iran oil will bring supplies into ports, US energy secretary says

Removing oil sanctions on stranded ​Iranian oil would ‌get supplies to Asia within three or four days, ​US Energy Secretary ​Chris Wright has said, Reuters reports.

Treasury Secretary Scott ​Bessent said a day earlier that the ​US may soon remove sanctions on Iranian oil ​stranded on tankers ​at sea, as Washington seeks ‌to ⁠curb soaring prices over Iran’s closure of the Strait of ​Hormuz.

“Within days, ​within ⁠three or four days, that ​oil will start ​to ⁠arrive at ports,” Wright said in an ⁠interview ​with Fox ​Business Network.

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