Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomePMN BusinessIranian Media Said US Offered Interim Waiver on Oil SanctionsAn Iranian media outlet reported that the US proposed a temporary waiver of sanctions on the Islamic Republic’s oil, a key demand by Tehran to agree to a peace deal and reopen the Strait of Hormuz.Author of the article:Last updated 1 hour ago You can save this article by registering for free here. Or sign-in if you have an account.Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." Bloomberg(Bloomberg) — An Iranian media outlet reported that the US proposed a temporary waiver of sanctions on the Islamic Republic’s oil, a key demand by Tehran to agree to a peace deal and reopen the Strait of Hormuz.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe US hasn’t confirmed offering a waiver, which would be in place until a final agreement is achieved, Iran’s semi-official Tasnim news agency reported, citing a source close to the negotiation team.Brent crude prices reversed earlier gains after the report and bonds rose on hopes of a breakthrough in the all-but-stagnant negotiations. Brent traded around $109 a barrel. Global bonds had traded around levels seen decades ago in response to fears that inflation will force central banks to lift interest rates. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againUS President Donald Trump earlier expressed frustration with Iran and told it the “clock is ticking,” hours after drones targeted a nuclear power plant in the United Arab Emirates.Tehran “better get moving, FAST, or there won’t be anything left of them,” Trump said on Truth Social on Sunday. These were his most belligerent comments directed at Iran since returning from a trip to China on Friday and as efforts to progress beyond a fragile ceasefire fail to deliver a breakthrough.On Sunday, a drone sparked a fire in a power station at the United Arab Emirates’ Barakah nuclear plant, underscoring the fragility of the truce. The country’s defense ministry said the projectile was launched from the west of the UAE, adding that two others were intercepted. Emergency diesel generators were turned on to supply power to the plant’s unit 3, the International Atomic Energy Agency said in a social media post. There was no radiological impact, according to Abu Dhabi’s media office.Saudi Arabia said it intercepted and destroyed three drones that entered its airspace on Sunday from Iraq, where many Iran-backed militias are located. It was unclear if those were part of the attack on the UAE.“The terrorist attack on the Barakah Nuclear Energy Plant, whether perpetrated by the principal or through one of its proxies, represents a dangerous escalation and a dark chapter that violates all international laws and norms,” Anwar Gargash, a senior foreign-policy adviser to UAE President Sheikh Mohamed bin Zayed, said on X. “This reprehensible escalation reaffirms the nature of the challenges facing the region in confronting the forces of evil, chaos, and sabotage.The UAE has been the most aggressive of the Arab states toward Iran both in rhetoric and carrying out limited attacks on the Islamic Republic before the ceasefire began on April 8, Bloomberg has reported.Iran has made no public comment on the attacks. Pakistan sent 8,000 troops, a squadron of fighter jets and an air defense system to Saudi Arabia as part of a mutual defence pact signed last year, Reuters reported citing people familiar with the matter. Two of them said the personnel deployed will primarily have an advisory and training role.Over the weekend, Iran’s semi-official Fars news agency said the US had set five main conditions for a peace deal. They included Iran transferring enriched uranium to the US, while Washington would not provide any war reparations and would unfreeze less than a quarter of Tehran’s frozen assets. The US hasn’t publicly commented on the reported terms.Reparations and the unfreezing of assets are part of Tehran’s demands for a peace deal, along with the end of the US blockade on Iranian ports and retaining a measure of control over shipping traffic through the Strait of Hormuz.“We want to make a deal,” Trump told Axios on Sunday, adding he’s waiting for an updated Iranian proposal. “They are not where we want them to be. They will have to get there or they will be hit badly, and they don’t want that.”Stopping the attacks and normalizing traffic in and out of the Persian Gulf should be the first step in negotiations between the US and Iran, European Commission President Ursula von der Leyen told reporters in Brussels, adding the bloc has little leverage over the two countries. “We should at least agree on the first phase, you know, stop the attacks and open the Strait of Hormuz,” she said. “We can go from there to negotiate actually the hard topics, but it is very difficult, and eventually US has to agree with Iran.”The US-Israeli war on Iran began in late February and has claimed thousands of lives, mainly in the Islamic Republic and Lebanon. Retaliatory attacks by Tehran targeted US allies across the Gulf, including the UAE, Qatar and Saudi Arabia, as well as Israel.Here’s more related to the war:Some 23 tankers were spotted around Iran’s Kharg Island oil-export hub, the largest cluster since the start of the US blockade a month ago.Russian President Vladimir Putin is due to visit China on Tuesday and Wednesday, where he is expected to discuss the Iran war with Xi.US Treasury Secretary Scott Bessent called on the G-7 nations and others to increase sanctions on Iran as the conflict drags on without an end in sight.(Recasts with Tasnim report and adds details.) Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.