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Axios

The U.S. weighs lifting Iranian oil sanctions to keep price in check

The U.S. weighs lifting Iranian oil sanctions to keep price in check

The White House is considering lifting sanctions on Iranian oil that's at sea to keep oil prices down, Treasury Secretary Scott Bessent said Thursday. Why it matters: The administration is pulling out all the stops — even easing up an economic threat to its enemy in war — to keep down oil prices. The latest: The price of Brent crude, the global benchmark, spiked 10% in just the past 24 hours, dri

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