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US considers lifting sanctions on some Iranian oil

Treasury Secretary Scott Bessent broached waiving sanctions on oil already at sea, which would be a stunning reversal of longstanding American policy. The US is weighing lifting sanctions on some Iranian oil, as it scrambles to contain the impact of its war in Iran on energy markets. Treasury Secretary Scott Bessent put forward the idea in a Fox interview, saying it could make more oil available to... [3749 chars]

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