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US waives Iran sanctions, Trump says he will 'do what I have to' if Tehran misbehaves

The United States has authorized Iranian oil sales via a 60-day license following initial peace talks in Switzerland. President Donald Trump stated he will "do what I have to do" if Tehran misbehaves. The move has led to a drop in oil prices and prompted Iran to seek Asian oil importers.

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What changed

The US issued a 60-day waiver on Iranian oil sanctions after productive first-round talks.

Live updates

  1. US Temporarily Lifts Iran Oil Sanctions Following Switzerland Talks

    The United States has authorized Iranian oil sales via a 60-day license following initial peace talks in Switzerland. President Donald Trump stated he will "do what I have to do" if Tehran misbehaves. The move has led to a drop in oil prices and prompted Iran to seek Asian oil importers.

    What's confirmed:

    • The US Treasury Department authorized Iranian oil sales under a 60-day license.
    • President Donald Trump said he will "do what I have to do" if Tehran misbehaves.
    • Initial peace talks between the US and Iran took place in Switzerland.
    • Oil prices fell after the sanctions waiver and progress in Switzerland talks.

    Still unconfirmed:

    • JD Vance claims talks laid a good foundation for a final peace deal.
    • Iran has begun discussions regarding its nuclear program.
    • India may be a primary winner of the sanctions waiver.
    confidence 90%