US Issues 60-Day Sanctions Waiver for Iranian Oil

Treasury Secretary Scott Bessent announced that Washington has issued a 60-Day waiver for sanctions on Iranian oil.
“In line with the ongoing productive talks in Switzerland, Iran has committed to free and open transit in the Strait of Hormuz and to permit International Atomic Energy Agency (IAEA) inspectors into their country,” he wrote on X. “As part of the framework, Treasury has issued a temporary 60-day general license authorizing the production, delivery, and sale of Iranian oil.”
Executive Vice President of Responsible Statecraft Trita Parsi said the sanctions waiver should be viewed as a concrete sign that negotiations. . .