U.S. Grants 60‑Day Waiver, Reopens Iran’s Oil Sales and Unlocks Up to $9 B
The Treasury issued a 60‑day general license that lets Iran produce, sell and receive payment for crude and petrochemicals in U.S. dollars through Aug. 21, the broadest sanctions rollback since 1979. Analysts estimate the move could free 67 million barrels of stranded oil, delivering $8‑9 billion to Tehran and opening the door for renewed U.S. imports and Chinese purchases.