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US may remove sanctions on Iranian oil stranded in tankers, treasury secretary says

Scott Bessent says actions will increase oil supply and bring down prices, but long-term effects in questionMiddle East crisis – live updates The US may soon remove sanctions on Iranian oil stranded on tankers at sea, the treasury secretary, Scott Bessent, said on Thursday as Washington seeks to curb prices soaring over Iran’s closure of the strait of Hormuz.“In the coming days, we may un-sanction the Iranian oil that’s on the water. It’s about 140m barrels,” Bessent said during an appearance on Fox Business Network’s Mornings with Maria. Continue reading...

Mar 20, 2026 &03312020202631; 00:31 UTC www.theguardian.com

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Positive for markets

Sentiment score: +45/100

Moderate impact Long-term (months)

WHAT THIS MEANS

Rule-based L2: BULLISH signal from The Guardian Business

AI CONFIDENCE

60% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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Oil (WTI Crude)

CL=FCommodity

Expected to rise

US may remove sanctions on Iranian oil stranded in tankers, treasury secretary says

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Dow Jones

^DJIIndex

Expected to rise

US may remove sanctions on Iranian oil stranded in tankers, treasury secretary says

PRICE HISTORY

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⚡ SUGGESTED ACTION

Automated signal: BULLISH on primary asset

Analysis generated on Mar 21, 2026 at 15:37 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by The Guardian Business. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

US may remove sanctions on Iranian oil stranded in tankers, treasury secretary says

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