{"id":125116,"date":"2026-03-22T16:00:03","date_gmt":"2026-03-22T20:00:03","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/waltz-says-trump-is-using-irans-own-oil-strategy-against-itself-to-drive-down-global-prices-125116"},"modified":"2026-03-22T16:00:03","modified_gmt":"2026-03-22T20:00:03","slug":"waltz-says-trump-is-using-irans-own-oil-strategy-against-itself-to-drive-down-global-prices","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/waltz-says-trump-is-using-irans-own-oil-strategy-against-itself-to-drive-down-global-prices-125116","title":{"rendered":"Waltz says Trump is using Iran&#8217;s own oil strategy against itself to drive down global prices"},"content":{"rendered":"<div>\n<p>U.S. Ambassador to the United Nations Mike Waltz said the <a href=\"https:\/\/www.foxnews.com\/category\/us\/education\/administration\" target=\"_blank\" rel=\"noopener\">Trump administration<\/a> is working to blunt rising oil prices by allowing Iranian crude already at sea to be sold, a move he described as turning Tehran\u2019s own strategy against it.<\/p>\n<p>Treasury Secretary Scott Bessent <a href=\"https:\/\/www.foxbusiness.com\/economy\/bessent-rules-out-government-intervention-oil-futures-market-during-iran-war\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">first outlined the approach<\/a>, saying the administration could temporarily lift sanctions on roughly 140 million barrels of Iranian oil loaded on tankers, adding supply to global markets rather than intervening directly in oil futures.<\/p>\n<p>Waltz said those shipments \u2014 previously bound largely for China \u2014 could instead be redirected to other countries, while existing <a href=\"https:\/\/www.foxnews.com\/category\/politics\/finance\/sanctions\" target=\"_blank\" rel=\"noopener\">financial sanctions<\/a> remain in place.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/media\/oil-ceo-urges-newsom-do-math-california-governor-vows-stop-offshore-drilling\" target=\"_blank\" rel=\"noopener\"><strong><u>OIL CEO URGES NEWSOM TO DO THE \u2018MATH\u2019 AS CALIFORNIA GOVERNOR VOWS TO STOP OFFSHORE DRILLING<\/u><\/strong><\/a><\/p>\n<p>&#8220;Now they can go to places like India, Bangladesh or elsewhere,&#8221; Waltz said on &#8220;Sunday Morning Futures.&#8221;<\/p>\n<p>&#8220;The sanctions on the banks are still in place, so we do not anticipate Iran sees any of that money. This is actually, as the secretary said, using their strategy against them,&#8221; he added.<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/media\/white-house-says-oil-price-spike-temporary-trump-pushes-energy-dominance-amid-iran-war\" target=\"_blank\" rel=\"noopener\"><strong>WHITE HOUSE SAYS OIL PRICE SPIKE IS TEMPORARY AS TRUMP PUSHES ENERGY DOMINANCE AMID IRAN WAR<\/strong><\/a><\/p>\n<p>Waltz said the regime\u2019s strategy is to &#8220;<a href=\"https:\/\/www.foxnews.com\/category\/politics\/foreign-policy\/middle-east\" target=\"_blank\" rel=\"noopener\">sow chaos<\/a>&#8221; by attacking its neighbors and attempting to &#8220;hold the world\u2019s energy supplies hostage&#8221; after suffering significant military setbacks.<\/p>\n<p>&#8220;This is\u2026 one more step to defeat that strategy on top of drill baby drill here at home, a waiver to the Jones Act, which allows ships to move between ports,&#8221; he said. &#8220;We are going to defeat this strategy. It will be temporary on the part of Iran and, at the end of the day, the United States and our global coalition will prevail.&#8221;<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.foxnews.com\/media\/waltz-says-trump-using-irans-own-oil-strategy-against-drive-down-global-prices\">Source &#8211; https:\/\/www.foxnews.com\/media\/waltz-says-trump-using-irans-own-oil-strategy-against-drive-down-global-prices <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Ambassador to the United Nations Mike Waltz said the Trump administration is working to blunt rising oil prices by allowing Iranian crude already at [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-125116","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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