Trump defends lifting sanctions on Iranian oil despite possible $14 billion revenue boost 

Trump defends lifting sanctions on Iranian oil despite possible $14 billion revenue boost 


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Trump was asked about the sanctions relief, which could possibly produce $14 billion in revenue for Iran, while boarding Air Force One in Florida on Monday.

“We don’t even know if Iran gets that money,” Trump said. “Frankly, I think it’s very hard for them to get it, but you have ships that are out there that load it up with oil.”

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Rather than keep it there, I would rather see it go to the system,” the president said. “Any small amount of money that Iran gets is not going to have any difference in this war. But I want to have the system be lubricated.”

Treasury Secretary Scott Bessent announced the easing of sanctions on Iranian oil Friday, as oil supplies have been limited due to Iran’s blockade of the Strait of Hormuz. 

Bessent described the order as a “narrowly tailored, short-term authorization” that permits the sale of

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