The US government on Monday formally waived oil sanctions on Iran for two months — allowing for up to $10 billion in revenue as nuclear talks continued with Iranian officials in Switzerland.
The Treasury Department waiver lasts through Aug. 21, giving Iran the ability to openly sell its oil for the first time since the 1990s, meaning it will pocket new profits by charging market rate.
The waiver follows President Trump last week lifting the two-month US naval blockade of Iranian ports as part of a memorandum of understanding.
Read more at https://nypost.com/2026/06/22/world-news/us-waives-iran-oil-sanctions-for-two-months/
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