Washington, Jun 23: The United States has temporarily lifted major sanctions on Iran, allowing the sale of crude oil and petrochemical products in international markets. The move is part of a broader diplomatic framework aimed at easing tensions and supporting ongoing negotiations.
Officials confirmed that the sanctions waiver will remain in effect for 60 days, enabling Iran to conduct oil transactions in US dollars and export crude directly to the United States. The decision is tied to commitments made during recent talks in Switzerland, including keeping the Strait of Hormuz open and advancing dialogue on nuclear oversight.
US President Donald Trump described the measure as a “confidence-building step” designed to encourage Iran’s cooperation in regional stability efforts. He emphasized that the waiver is conditional and subject to review based on Iran’s actions in the coming weeks.
Iran welcomed the easing of restrictions but reiterated that its sovereignty over its nuclear program remains non-negotiable. Officials in Tehran said the relief would provide much-needed economic breathing space while talks continue.
Energy analysts noted that the temporary lifting of sanctions could stabilize global oil markets, which have been volatile due to recent Gulf tensions. Prices dipped slightly following the announcement, reflecting optimism over increased supply.
Diplomatic observers cautioned, however, that the waiver is not a permanent solution and that significant challenges remain in reaching a comprehensive agreement between Washington and Tehran.
