US Treasury Secretary Scott Besant has stated that the United States might lift sanctions on Iranian oil that is already at sea within the next few days. This announcement came during an interview with Fox Business, where he indicated that such a measure would be part of efforts to stabilize global oil supply amidst ongoing market fluctuations. He also suggested that the US could undertake a unilateral release of oil reserves, which may further influence market dynamics.

In his statements, Besant revealed that Iranian oil tankers have already departed from the Strait of Hormuz, a crucial chokepoint for global oil transportation, which is likely to ease supply pressures on the international markets. As these tankers continue to move despite existing sanctions, there is an indication of a shift in US policy that could potentially lead to more Iranian oil entering the global market.

Moreover, Besant emphasized that the US is capable of doing much more regarding oil supply stabilization, hinting at further actions such as another Strategic Petroleum Reserve announcement aimed at keeping prices at a manageable level. This proactive stance reflects the US administration's awareness of the current challenges in the energy sector, particularly in light of rising oil prices and geopolitical tensions affecting supply chains.