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US waives Iran sanctions, Trump says he will 'do what I have to' if Tehran misbehaves

The Treasury said the waiver lets Iran sell oil and receive payment as mediators push a 60-day roadmap toward a final nuclear deal.

  • Following high-level talks in Switzerland, the United States and Iran agreed to a 60-day roadmap toward a final nuclear deal, according to a joint statement from mediators Qatar and Pakistan.
  • This agreement builds on an interim deal signed last week, establishing a High Level Committee to provide political oversight and a direct communication line to ensure safe passage for vessels through the Strait of Hormuz.
  • Vice President JD Vance said talks laid a "good foundation" for a final peace deal, and while he acknowledged some "whining," Pakistani Prime Minister Shehbaz Sharif wrote that the first round of talks "concluded successfully."
  • President Donald Trump warned he would "do what I have to do" if Iran violates the agreement, while asserting unfrozen funds must support U.S. farmers, a claim Iranian central bank governor Abdolnaser Hemmati disputes.
  • United States Secretary of State Marco Rubio spoke with Israeli Prime Minister Benjamin Netanyahu and Lebanese President Joseph Aoun on Friday to solidify a ceasefire, while the U.S. pushes for renewed International Atomic Energy Agency inspections.
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They had been in force for decades: it is one of the first major concessions made to the regime after last week's memorandum, on which negotiations continue

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NewsNation broke the news in Chicago, United States on Monday, June 22, 2026.
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