Last mentioned: Mar 19, 2026
Potential License Issuance
Projected window for OFAC to issue General Licenses for sanctioned Iranian cargoes currently in transit.
Volume Assessment
Treasury Department expected to review 'on the water' oil volumes and logistical feasibility.
Bessent Policy Disclosure
Treasury Secretary Scott Bessent appears on Fox Business to discuss energy policy and Iranian sanctions.
Market Signal
Bloomberg reports on the potential for imminent unsanctioning of Iranian oil cargoes.
Treasury Secretary Scott Bessent announced a potential move to unsanction Iranian oil currently in transit within days to lower global energy prices. This tactical easing, combined with possible Strategic Petroleum Reserve (SPR) releases, represents a shift in US energy policy aimed at immediate supply-side relief.