Treasury issues temporary license allowing Iran to sell oil until August 21 as part of broader sanctions relief talks.
The US Treasury has authorized a 60-day waiver permitting Iran to resume limited oil exports, effective immediately. The license, set to expire on August 21, follows recent negotiations aimed at easing long-standing sanctions on Tehran’s energy sector.
The move marks the first such exemption since 2018, when the Trump administration reimposed restrictions. Analysts note the waiver could signal a shift in policy, though full sanctions relief remains contingent on further diplomatic progress.
Markets reacted cautiously, with Brent crude prices holding steady as traders assessed potential supply impacts from increased Iranian exports.