Tuesday, March 24, 2026

We're playing both sides, so that we always come out on top

Makes sense to me.
But the Trump administration has struggled to articulate the logic of the “general license” that the Treasury Department issued late Friday. The sanctions exemption allows Iranian oil to be sold to most countries, including the United States, for the next month. The sanctions relief for Iran followed a similar reprieve this month allowing Russian oil that is currently at sea to be sold.

Treasury Secretary Scott Bessent, who announced the Iran exemption, described the move as an act of martial artistry.

“In essence, we are jiujitsuing the Iranians,” Mr. Bessent said on NBC’s “Meet the Press” program on Sunday. “We are using their own oil against them.”