U.S. mulls lifting oil sanctions on Iran as it hits key Gulf energy sites

[Zorro]

Source: Washington Post

Oil and gas prices have surged as Iran intensified strikes on facilities across the Persian Gulf, prompting the Trump administration to consider lifting sanctions on millions of barrels of Iranian oil as other global leaders call for de-escalation.

The price of Brent crude, the global oil benchmark, briefly climbed past $117 per barrel before settling around $111 Thursday, as Gulf states reported more attacks on critical infrastructure. The price of European natural gas futures also rose.

As the latest attacks rattled markets, U.S. Treasury Secretary Scott Bessent said the administration may lift restrictions on Iranian oil that has already been loaded onto vessels, a move that could help the regime generate funds for its war effort.

“In the coming days, we may unsanction the Iranian oil that’s on the water,” Bessent said on the Fox Business Network. “It’s about 140 million barrels.”

Read more: https://wapo.st/4lCEccj

[BeyondGeography]

1. This is where an appreciation for humor comes in handy

[groundloop]

2. Yes, but it's extremely difficult to distinguish reality from satire anymore.

Why the hell doesn't tRump just declare victory and bring our brave military home?

[SergeStorms]

6. That still leaves....

the Iran "problem," though. Trump and Netanyahu broke it, and declaring "victory" isn't going to fix it.

This is nothing less than offering Iran a bribe to forget about the entire affair, and to wash the blood from Trump's and Netanyahu's hands. I I don't believe they'll accept the bribe. Call it a hunch. 😉

[Miguelito Loveless]

3. So, we are at war with them

but we want them to benefit from the higher oil prices? It's not like this is going to cause the prices to fall, it will only improve profits for oil companies.

[genxlib]

4. The word Treason gets used way too often these days

But I do believe that this scenario could legit qualify.

Making a move that will give Iran more money to buy weapons to kill Americans is literally giving aid to our enemies.

And for context, 140 Million barrels is less than 1.5 days of world supply. I am no economist but not sure that will even move the needle other than to drag it out a few days.

Here is another form of communication that has been overused lately... ... ...

[BaronChocula]

5. Policies like his ill-fitting suit

All over the place