Scott Bessent authorized the sale of 140 million barrels of Iranian oil to stabilize global energy prices during the ongoing shipping crisis.The measure follows the effective closure of the Strait of Hormuz after weeks of military strikes by Israel and the USA against Iranian targets.This maritime blockade has caused vessel traffic to drop by 40 percent, threatening food security in the Gulf and global semiconductor production.Saudi Arabia has moved toward potential military involvement after suffering Iranian drone attacks on its capital and primary oil shipping ports.