Vice President JD Vance, Pakistani Prime Minister Shehbaz Sharif and Qatari Prime Minister Mohammed bin Abdulrahman bin Jassim Al Thani speak ahead of talks between the United States and Iran at the Buergenstock resort in Obbuergen, near Lucerne, Switzerland, Sunday. The U.S. has waived Iran sanctions Tuesday. Photo by Urs Flueeler/EPA
June 23 (UPI) -- President Donald Trump lifted sanctions on Iran releasing millions into the Iranian economy Monday,
President Donald Trump presents a Medal of Honor to Tom Ripley on behalf of his father, John W. Ripley, during a Medal of Honor award ceremony in the East Room of the White House on Thursday. Photo by Aaron Schwartz/UPI | License Photo allowing American dollar trade for the first time since 1979.
The U.S. Treasury on Monday issued a 60-day exemption allowing Iran to produce and sell crude oil, petrochemical and petroleum products in U.S. dollars through Aug. 21.
Under this general license, boats and entities that were sanctioned are also cleared to operate. The waiver could also open up allowing U.S. imports of Iranian oil, which hasn't happened since the 1990s.
