politics
Treasury Department waives Iranian oil sanctions in a step forward for talks
The Treasury Department temporarily waived sanctions on Iranian oil on Monday as part of the Trump administration’s deal with Tehran to end the war in the Middle East.
TL;DR
- Treasury Department temporarily waived sanctions on Iranian oil.
- This is part of a deal with Tehran to end the war in the Middle East.
- Iran committed to free and open transit in the Strait of Hormuz.
- Iran will permit IAEA inspectors into their country.
- A temporary 60-day general license authorizes the production, delivery, and sale of Iranian oil.