US lifts sanctions on Iranian oil
The 60-day waiver allows the production and sale of the Islamic Republic’s crude oil and petrochemicals, according to the US Treasury
The US has issued a temporary sanctions waiver for Iran’s oil sector, allowing limited production and sales of crude oil and petrochemicals, the Treasury Department has said. The announcement comes as negotiations between Washington and Tehran continue following the first round of talks in Switzerland over the weekend.
Iran General License X authorizes “the production, delivery and sale of crude oil, petrochemical products, and petroleum products of Iranian origin” for a 60-day period, Treasury Secretary Scott Bessent said on X on Monday.
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