US Treasury Secretary Scott Bessent said on Friday that Washington was opening the sale of some Iranian oil and petrochemical products currently stranded at sea as energy prices shot up amid an escalating conflict between the United States and Iran.
In a post on X, Bessent said his department is issuing a temporary permit to allow the sale of stranded Iranian oil.
“Today, the Treasury Department issues a narrowly tailored short-term authorization to allow the sale of Iranian oil currently stranded at sea,” he wrote in a post on X.
(This is a developing story. Check back for updates)
