US Considers Iran Oil Sanction Easing

0:00On March 19th, here's the latest in global news. The United States is considering easing sanctions on some Iranian oil sales to help calm skyrocketing global energy prices caused by the ongoing war. In Iran, Treasury Secretary Scott Besan floated the idea in a recent interview, arguing it could free up more barrels for countries desperate for supply. Before the conflict, China bought most of Iran's discounted oil, despite restrictions. Besan suggested a waiver could shift those sales to places like India, Japan, and Malaysia, making China pay full market rates instead. Experts warned this would flip long-standing U.S. policy with little real payoff on prices, since the oil volume is small and much of it already reaches. Markets, anyway. Critics call it risky, as the cash could flow straight to Iran's war machine. This comes after the U.S. released millions of barrels from its reserves, and paused some Russian oil sanctions, moves that drew fire from European. Leaders for propping

1:00up aggressors. Just this week, the House passed a bill to tighten Iran oil curves even more. For now, official space a tough spot with massive supply shocks everywhere they look, but questions linger on whether any sanction relief would truly help without unintended boost to enemies. We'd like to thank our sponsor for making this episode possible. Soley Pillow is a pillow with built-in headphones, lay back, press play, and disappear into what you're listening to. S-O-L-I. Soleypillow.com