U.S. considers lifting sanctions on stranded Iranian oil tankers

The U.S. Treasury Secretary, Bessent, has signaled a potential policy reversal, saying the U.S. may remove sanctions on Iranian oil that is currently stranded on tankers. This would allow the oil to be sold.

Financial firms like Morgan Stanley and Goldman Sachs are warning that the broader tensions with Iran pose risks to oil prices and markets. JPMorgan strategists say investors are too complacent about the potential impact.