Treasury Secretary, Scott Bessent shared in an X post that 440 Million additional barrels of oil will be released for purchase by other Nations to ease Iran war disruptions and to circumvent the hoarding of the current available supply by China.
This move should bring a nice drop to crude oil prices around the Globe!
The post from the Treasury Secretary stated;
“Iran is the head of the snake for global terrorism, and through President Trump’s Operation Epic Fury, we are winning this critical fight at an even faster pace than anticipated. In response to Iran’s terrorist attacks against global energy infrastructure, the Trump Administration will continue to deploy America’s economic and military might to maximize the flow of energy to the world, strengthen global supply, and seek to ensure market stability.
Today, the Department of the Treasury is issuing a narrowly tailored, short-term authorization permitting the sale of Iranian oil currently stranded at sea.
At present, sanctioned Iranian oil is being hoarded by China on the cheap. By temporarily unlocking this existing supply for the world, the United States will quickly bring approximately 140 million barrels of oil to global markets, expanding the amount of worldwide energy and helping to relieve the temporary pressures on supply caused by Iran. In essence, we will be using the Iranian barrels against Tehran to keep the price down as we continue Operation Epic Fury.
This temporary, short-term authorization is strictly limited to oil that is already in transit and does not allow new purchases or production. Further, Iran will have difficulty accessing any revenue generated and the United States will continue to maintain maximum pressure on Iran and its ability to access the international financial system.
So far, the Trump Administration has been working to bring around 440 million additional barrels of oil to the global market, undercutting Iran’s ability to leverage its disruptions in the Strait of Hormuz.
President Trump’s pro-energy agenda has driven U.S. oil and gas production to record levels, strengthening energy security and lowering fuel costs. Any short-term disruption now will ultimately translate into longer-term economic gains for Americans – because there is no prosperity without security.”
Iran is the head of the snake for global terrorism, and through President Trump’s Operation Epic Fury, we are winning this critical fight at an even faster pace than anticipated. In response to Iran’s terrorist attacks against global energy infrastructure, the Trump…
— Treasury Secretary Scott Bessent (@SecScottBessent) March 20, 2026
Number of countries offering to 'contribute' to opening Strait of Hormuz grows to 22 https://t.co/qncEzr9NaN pic.twitter.com/mxwmjDqrcc
— New York Post (@nypost) March 21, 2026
🚨 NOW: President Trump is receiving HUGE praise from the American people for considering deploy ICE agents to AIRPORTS
And now Schumer is SCRAMBLING on the Senate floor, attempting to shift blame away from himself.
What a power move by 47 🤣🔥
pic.twitter.com/5zP4xPpovI— Nick Sortor (@nicksortor) March 21, 2026
I really can’t blame President Trump for his reaction to the death of Robert Mueller.
That man put him through hell and knew the whole thing was a hoax. pic.twitter.com/a4URckvr8G
— Don Keith (@RealDonKeith) March 21, 2026
