US lifts sanctions on Iranian oil
Posted on: Jun 22, 2026 21:00 IST | Posted by: Rt
The US has issued a temporary sanctions waiver for islamic republic of iran’s oil color sphere, allowing modified production and sales of rough 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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