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The Times of India

Business / The Times of India

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US may unsanction Iranian oil to cool prices as Gulf war shakes energy markets

The Trump administration is considering releasing 140 million barrels of Iranian oil to stabilize global prices amid escalating Gulf conflict. US Treasury Secretary Scott Bessent indicated a potential move within days to boost physical supply, describing it as a reak the glass plan.

19 Mar 2026 8:50 pm