US May Remove Sanctions on Iranian Oil in Transit to Stabilize Energy Markets: Bessent
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Category: GLOBAL GOVERNMENT & ALLIANCES
Summary:
Treasury Secretary Scott Bessent stated on March 19 that the United States may lift sanctions on Iranian oil currently in transit to increase supply and help stabilize energy prices. Military operations by the U.S. and Israel against Iran have restricted the transport of crude oil and natural gas through the Strait of Hormuz, contributing to a rise in global energy prices. Removing sanctions on Iranian crude oil stranded on tankers could release approximately 140 million barrels, equivalent to about two weeks of global supply. Bessent also noted that the administration will not intervene in oil futures markets.
Mysterion Insights
Scripture: Proverbs 11:1 (NASB 1977)
"A false balance is an abomination to the LORD,
But a just weight is His delight."
Commentary:
When officials weigh sanctions relief against energy stability, Scripture keeps the issue grounded: the Lord hates manipulated scales. Oil prices can jump in a day, and families feel it at the pump. Decisions that selectively loosen pressure while refusing to steady markets can create uneven measures that serve power more than justice. This kind of bargaining around chokepoints and supply fits prophetic patterns Scripture describes—shifting pressures and alliances that strain nations. Israel’s security decisions matter, but this is not on Israel’s covenant land.
Prophetic Trend:
Strategic sanctions and energy supply are being used as leverage, strengthening alliance-driven pressure points that reshape global stability.
Mysterion Prophetic Impact Rating: C - Measured  What does this mean?
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Source Excerpt:
Treasury Secretary Scott Bessent said on March 19 that the United States may lift sanctions on Iranian oil currently in transit to bolster supply and stabilize energy prices. Ongoing U.S.–Israeli military operations against Iran have limited the transportation of crude oil and natural gas through the Strait of Hormuz. While there has been some traffic activity in the narrow waterway, it has not been enough to reverse the spike in global energy markets. But the latest measure to remove sanctions on Iranian crude stranded on tankers could free up about 140 million barrels of oil—equal to about two weeks of supply—Bessent said.......
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Source: The Epoch Times
Posted on 03-19-2026 15:11