New Delhi, March 19 -- The United States is considering a move to un-sanction Iranian oil as a primary measure to stabilize global energy markets and curb the recent spike in crude prices. United States Secretary of the Treasury Scott Bessent confirmed the strategic shift, describing it as part of a broader "coordinated effort" across the federal government to manage supply.

Speaking to Fox News, Bessent revealed that the administration implemented a "break the glass plan" across the Treasury and the executive branch to address immediate energy security concerns.

Bessent indicated that the U.S. is evaluating the status of Iranian oil as the current campaign progresses. "In the coming days, we may un-sanction the Iranian oil that's on th...