US Treasury: Sanctions relief prevented $150 oil

U.S. Treasury Secretary Scott Bessent has stated that global oil prices could have reached $150 per barrel if the United States had not provided sanctions relief to Russia. He argued that the decision to ease certain restrictions, such as extending permits for some countries to purchase Russian oil, helped stabilize energy markets. This comment provides a direct rationale for recent U.S. policy moves aimed at preventing a severe price shock.