Trump defends lifting sanctions on Iranian oil despite possible $14 billion revenue boost 

Published March 23, 2026 11:45am ET



President Donald Trump on Monday defended the Treasury Department‘s easing of sanctions against Iranian oil, saying he wants to have “as much oil in the system as possible.”

Trump was asked about the sanctions relief, which could possibly produce $14 billion in revenue for Iran, while boarding Air Force One in Florida on Monday.

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