The public deserves a legal explanation and an economic comparison. What additional supply would arrive? What Russian revenue would the restrictions actually prevent? What costs would Americans bear if the arrangement were blocked?
reasury Secretary Scott Bessent provided perhaps the clearest description of the emerging American objective when he contrasted the roughly 15–22 million barrels per day of regional petroleum continuing to move with approximately 1.5–2 million barrels per day of Iranian oil being excluded from the market.