US Treasury Secretary Scott Bessent estimates there are around 140 million barrels of oil on the water

US Treasury Secretary Scott Bessent estimates there are around 140 million barrels of oil on the water

US Treasury Secretary Scott Bessent said Thursday that Washington might lift sanctions on Iranian oil that is already being shipped, as energy prices soar due to the war in the Middle East.

The deliberation comes as Washington scrambles to ease high energy costs that have been filtering down to US consumers, although a Trump administration official added that "oil and gas export restrictions are not under consideration."

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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