Live Feeds
● LIVE Updated 1h ago · 12 sources tracked

U.S. Eases Sanctions on Iranian Oil, but Progress on Nuclear Issues Is Muddy

The U.S. has issued a 60-day license allowing Iran to produce and sell oil until August 21. This interim measure follows a first round of negotiations in Switzerland mediated by Qatar and Pakistan. While U.S. officials cite progress, Tehran officials state no new commitments have been made.

RSS Source map (11)

What changed

The U.S. Treasury granted a temporary waiver on oil sanctions and plans to release $12bn in frozen funds.

Live updates

  1. U.S. Temporarily Lifts Iranian Oil Sanctions Following Switzerland Talks

    The U.S. has issued a 60-day license allowing Iran to produce and sell oil until August 21. This interim measure follows a first round of negotiations in Switzerland mediated by Qatar and Pakistan. While U.S. officials cite progress, Tehran officials state no new commitments have been made.

    What's confirmed:

    • The U.S. Treasury granted a 60-day license waiving sanctions on Iranian oil until August 21.
    • The first round of talks between the U.S. and Iran took place in Switzerland.
    • Qatar and Pakistan served as mediators for the U.S. delegation led by Vice President JD Vance.
    • The sanctions relief is part of an interim agreement linked to ongoing peace talks.

    Still unconfirmed:

    • The U.S. will release $12bn in frozen funds.
    • The war in Lebanon appeared to calm for the day during negotiations.
    confidence 90%