The U.S. treasury secretary justified the move by saying that “Iran has committed to free and open transit in the Strait of Hormuz and to permit International Atomic Energy Agency inspectors into the country.”

Shipping has been crossing Hormuz using two routes in recent weeks

The United States temporarily suspended sanctions on Iranian oil on Monday after Vice President JD Vance said Iran would let UN nuclear inspectors return to the country, following…

Washington says the 60-day license follows Iran’s commitments on Strait of Hormuz transit and IAEA inspections, as talks continue in Switzerland toward a final deal

Washington has granted Iran a 60-day waiver on oil sanctions, permitting the nation to produce, export, and sell its crude until August 21. This move, part of an interim deal to…

The US has temporarily lifted sanctions on Iranian oil, allowing exports until August 21 as part of efforts to ease tensions and support negotiations to end the West Asia war.

The Treasury Department waived sanctions on Iranian oil as part of the Trump administration’s deal to end the war in the Middle East.

The United States authorized Iranian oil sales on Monday, easing decades-old sanctions as it pushes toward a final peace deal with Tehran in return for commitments on nuclear…

The U.S. treasury secretary justified the move by saying that “Iran has committed to free and open transit in the Strait of Hormuz and to permit International Atomic Energy Agency…

U.S. sanctions on Iranian oil and ships waived for 60 days, causing Brent prices to drop by 2-3%.

The U.S. Treasury Department on Monday authorized sales of Iranian oil through Aug. 21 after productive talks, Treasury Secretary Scott Bessent said.

US eases oil curbs as Tehran pledges IAEA access and Strait of Hormuz openness

The general licence was issued after ‘productive talks’ with Tehran to end the war in West Asia, the US treasury secretary said.