The United States has paused sanctions on some Iranian oil operations in an effort to increase global crude oil supplies, Treasury Secretary Scott Bessent announced.

Bessent estimated that the policy change would add approximately 140 million barrels of crude oil to the international market. The move represents a shift in U.S. policy toward Iranian energy exports, which have been subject to various sanctions regimes.

The decision appears aimed at addressing global oil supply concerns and market stability. Iranian oil production has been restricted under previous sanctions targeting the country's energy sector.

The temporary pause affects specific Iranian oil operations, though details about which facilities or companies are included in the policy change were not immediately specified. The duration of the sanctions pause was also not announced.

The policy adjustment comes as global energy markets continue to face various supply pressures and price volatility concerns worldwide.