Treasury Department authorizes Iranian oil sales under 60-day license
The waiver follows productive talks in Switzerland and comes after Iran agreed to allow International Atomic Energy Agency inspectors back into the country.
- On Monday, the U.S. Treasury issued a 60-day license waiving sanctions on Iranian oil, authorizing production and delivery of Iranian products through August 21.
- Diplomatic talks in Burgenstock, Switzerland, between Washington and Tehran aimed at ending the war prompted the waiver as part of an interim agreement signed last week.
- Vice President JD Vance said negotiators laid a "good foundation for a successful final deal," downplaying online threats from Iranian negotiator Mohammad Bagher Ghalibaf.
- Brent crude prices dropped over 3.5 percent to $77.7 per barrel, while shipping data tracked 55 merchant ships carrying more than 17 million barrels through the Strait of Hormuz.
- Negotiators have a 60-day window to address the future of Tehran's nuclear program, with International Atomic Energy Agency inspections potentially starting as soon as Monday.
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255 Articles
Iran reported on Tuesday that the technical talks with the United States have been concluded and that it intends to maintain control of the Strait of Ormuz. Washington, for its part, has issued a "authorization for the production, delivery and sale of crude oil, petrochemicals and petroleum products of Iranian origin" for two months, thus drawing up a long list of sanctions.
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Tehran and Washington concretize the thawing of funds and the temporary suspension of oil sanctions after intense negotiating days in Switzerland.
United States grants 60-day Iran oil sanctions waiver
The United States on Monday granted a 60-day waiver for countries to purchase Iranian oil after “productive talks” with Tehran to end the war in West Asia.US Treasury Secretary Scott Bessent said that as part of the peace talks, Iran had committed to reopening the Strait of Hormuz and to allowing the inspectors of the International Atomic Energy Agency into the country.Washington was issuing a 60-day general license authorising the production, d…
U.S. lifts sanctions on Iranian oil
U.S. lifts sanctions on Iranian oil | 22 June 2026 | The U.S. has issued a temporary sanctions waiver for Iran’s oil sector, authorizing the production, sale, delivery, and import of Iranian crude oil and petrochemicals, the Treasury Department has said. The announcement comes as negotiations between Washington and Tehran continue following the first round of talks in Switzerland over the weekend. Iran General License X authorizes “the productio…
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