US To Desanction Iranian Oil - Is This Capitulation?

Thursday, March 19, 2026

Treasury Secretary Scott Bessent said early Thursday that the U.S. may lift sanctions on Iranian oil that is already in transit amid rising energy prices resulting from the ongoing U.S. military operation in the Middle East.

Posted by jpw at 01:05 PM | 8 COMMENTS | permalink | Comment on This Entry |

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More from the cited article ...

... "That's about 10 days to two weeks of supply that the Iranians had been pushing out that would have all gone to China," he said. "In essence, we will be using the Iranian barrels against the Iranians to keep the price down for the next 10 or 14 days as we continue this campaign." ...

Democratic Sen. Andy Kim (N.J.), the ranking member on the Senate Subcommittee on National Security and International Trade and Finance, criticized the suggested move on Thursday.

"Trump is actively putting more money into the pockets of [Russian President Vladimir] Putin and the Iranian regime, but taking away money from American families with higher gas and grocery prices," he wrote on social platform X, adding, "What an absolute mess." ...

#1 | Posted by LampLighter at 2026-03-19 02:02 PM | Reply

COMPLETE FAILURE

#2 | Posted by LegallyYourDead at 2026-03-19 02:09 PM | Reply

@#1 ... the next 10 or 14 days as we continue this campaign ...

So, another two weeks of Pres Trump's Iran War?

#3 | Posted by LampLighter at 2026-03-19 02:14 PM | Reply

In essence, we will be using the Iranian barrels against the Iranians

So what they plan to do is steal it, not de-sanction it?

#4 | Posted by REDIAL at 2026-03-19 02:16 PM | Reply

TACO in action...

Complete Surrender,years of sanctions in "peacetime", now an easing of sanctions during a Shooting War?

You can't make this Shit Up.