Iran has secured what many see as its biggest economic breakthrough in decades after the United States authorized a temporary 60-day license covering the production, delivery and sale of Iranian oil and petrochemicals. Treasury Secretary Scott Bessent said the move forms part of the framework reached during ongoing talks in Switzerland, with Tehran pledging free transit through the Strait of Hormuz and access for IAEA inspectors. The deal could mark a dramatic shift in U.S.-Iran relations and potentially unlock billions for Iran's economy. Has Washington just handed Tehran the prize sanctions never could stop?

The US-Iran memorandum lifts oil sanctions waivers, enabling Iran to resume exports worth $60B annually. Oil prices drop 4-5% as markets react.

The recently signed US-Iran memorandum of understanding is set to provide a major boost to Tehran's oil sector, potentially restoring a critical source of revenue for the Iranian…

Iran and the US have made significant strides in peace talks, with mediators Qatar and Pakistan announcing major progress. Discussions in Switzerland have led to agreements on oil…

Agreement signed last week included Washington pledge to issue waivers for export of Tehran's crude