US partially lifts Iran oil sanctions amid ‘encouraging’ talks
Key takeaways
- The move, expected under the Mo U, comes as Vice President JD Vance says there’s a ‘good foundation’ for a final deal.
- The US Treasury issued a 60-day sanctions waiver on Monday, paving the way for the production, delivery and sale of Iranian oil to the US.
- The waiver is a condition included in the 60-day memorandum of understanding (MoU) signed by Tehran and Washington on June 17.
Why this matters: an international story with cross-border implications worth tracking.
The move, expected under the Mo U, comes as Vice President JD Vance says there’s a ‘good foundation’ for a final deal.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo Vessels in the Strait of Hormuz, as seen from Musandam, Oman, June 22, 2026. [Stringer/Reuters]By Al Jazeera Staff and Reuters Published On 22 Jun 202622 Jun 2026The United States has partially lifted sanctions on Iranian oil exports following “encouraging” talks over ending their conflict.
The US Treasury issued a 60-day sanctions waiver on Monday, paving the way for the production, delivery and sale of Iranian oil to the US. The move came amid positive reports from mediators and the US vice president regarding talks in Switzerland between Washington and Tehran aimed at establishing a full peace deal.