Washington DC, March 21 -- US Treasury Secretary Scott Bessent on Friday (global time) announced a temporary authorisation permitting the sale of Iranian oil currently stranded at sea, aimed at stabilising global energy markets amid rising tensions.

In a post on X, Bessent said, "Today, the Department of the Treasury is issuing a narrowly tailored, short-term authorization permitting the sale of Iranian oil currently stranded at sea."

He described the move as part of a broader strategy by the administration of President Donald Trump to counter disruptions caused by Iran.

"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 ...