The U.S. weighs lifting Iranian oil sanctions to keep price in check

Axios
by Emily Peck
March 19, 2026
2 min read

Quick Insights

Should this be getting more attention?

You Might Have Missed

Related stories from different sources and perspectives

US eases some Russian oil sanctions but crude prices stay high - AP News
Politics

US eases some Russian oil sanctions but crude prices stay high - AP News

<a href="https://news.google.com/rss/articles/CBMinAFBVV95cUxPM3ZXeGtFaXduVC1QR0x1UlBSRHpjR3JuN3VZVDVNT2tXSlNzYU03WVMzcFBvcFM4YXhvZkc2b0I3dlozT2hzbUFiQ2l6NXQ5bjl6R21DX000ZTBULWR5TlRpNmR2MjNVRng5VFVfRVRWQmNjWFlOQlgwZXRFLTlvdTNGMWtSVFBJQjN0d0Rld1JIMFVlZEcxemVIRXo?oc=5" target="_blank">US eases some Russian oil sanctions but crude prices stay high</a>&nbsp;&nbsp;<font color="#6f6f6f">AP News</font>

AP NewsMar 14
ABC News

WATCH: Oil and gas prices surge as Iran escalates strikes on Gulf refineries

Iranian attacks on significant energy infrastructure and refineries in several Gulf countries pushed oil and gas prices higher in volatile trading on Thursday.

Mar 19
Cracks emerged in a resilient US economy before war in Iran sent oil prices rocketing - AP News
Finance

Cracks emerged in a resilient US economy before war in Iran sent oil prices rocketing - AP News

<a href="https://news.google.com/rss/articles/CBMitgFBVV95cUxNVGZxOGhaUlRKVUVIWkd3QUVubEZPTHFvc3hZeFBBZG1nVXlId1N1d2FlTmNLeVY5bHp0bW1SZ18zZndOa0ExSGZqT3hEQ1NqS0Y1RkgyTWV3ZUpNX2NxeEJmQUxBSDM0YWxTMll6WW1aVm91bGd1SENxa0Z6eWZtTDZyNk1qZjRFS0tJYmRLbVU5UE1KU0UwVzFvSTdYdjlzY3d2c01VNkdYSzlfYl9zMDVsOEtpUQ?oc=5" target="_blank">Cracks emerged in a resilient US economy before war in Iran sent oil prices rocketing</a>&nbsp;&nbsp;<font color="#6f6f6f">AP News</font>

AP NewsMar 13
Exclusive: Gallego presses DOE on oil reserve as gas prices rise
Politics

Exclusive: Gallego presses DOE on oil reserve as gas prices rise

<p>Sen. Ruben Gallego (D-Ariz.) is pressing the Energy Department for details on plans to provide oil from the <a href="https://www.axios.com/2026/03/11/trump-strategic-oil-reserve-gas-prices-iran-war" target="_blank">Strategic Petroleum Reserve</a> as pump prices rise. </p><p><strong>Why it matters:</strong> Gallego's <a href="https://www.documentcloud.org/documents/27883925-spr-letter-doe-march-13-2026/" target="_blank">new letter</a> to Energy Secretary Chris Wright, viewed first by Axios, shows how the energy effects of the Iran war are spilling into Capitol Hill — and politics more broadly.</p><hr><ul><li>Gallego is a <a href="https://www.axios.com/2026/03/15/ruben-gallego-dnc-ken-martin" target="_blank">potential</a> 2028 Democratic presidential hopeful.</li></ul><p><strong>Driving the news:</strong> The letter asks how the SPR move will affect gasoline prices and supply in Arizona, as well as questions about the planning process.</p><p><strong>The big picture: </strong>The En...

AxiosMar 17
Wall St set to open lower as soaring oil prices, Fed caution rattle investors - Reuters
Finance

Wall St set to open lower as soaring oil prices, Fed caution rattle investors - Reuters

<a href="https://news.google.com/rss/articles/CBMisgFBVV95cUxNZnd4dnBJTWNzYWlyeDI4YzNyeEt3azRBaEVMcXFUWW9pdERVa1ZwdFlpdW53ZWZ1eXJ4NkVzaFVxakl3b1hWVGt0NTFuZTZETXgwNVBSdWhQS2pqQk5nMUk5LXNQVDJRMmktZ2dCM0dLY3p5M19lZW1EcDVqRGlKbE1VdlFoWFlyZ1A1X25RcE5xbmo1bUlsWU1fc0Z1QVdfMW1zQ21hWktyVWd5WHJNS0pn?oc=5" target="_blank">US stock futures dip as soaring oil prices, Fed outlook spook investors</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

ReutersMar 19
Attacks on Oil and Natural Gas Facilities Could Lead to Much Higher Prices

Attacks on Oil and Natural Gas Facilities Could Lead to Much Higher Prices

Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually end.

New York TimesMar 19
Read Next
Trump’s $10 billion TikTok ‘brokerage fee’ is just the tip of the iceberg
Politics

Trump’s $10 billion TikTok ‘brokerage fee’ is just the tip of the iceberg

Not only is this pay-to-play arrangement with the federal government unprecedented; it also smacks of possible corruption.

Continue reading

Did this story change how you see things?

Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.

Share this story

Get the daily digest

Save for later

The Verity Ledger curates verified investigative journalism from trusted sources only.

See our sources