U.S. issues 60-day Iran oil sanctions waiver, allowing dollar-denominated trade amid peace talks
By
Anniek Bao
2h ago· 4 min readenNews
Summary
The U.S. has issued a sweeping 60-day waiver (General License X) allowing Iran to produce and sell crude oil, petrochemicals, and petroleum products in U.S. dollars for the first time in over four decades. This sanctions rollback unlocks billions in revenue for Tehran as Washington and Iran continue fragile negotiations toward a permanent peace deal. The waiver also clears vessels and previously sanctioned entities for transactions.
Source
bskyU.S. issues 60-day Iran oil sanctions waiver, allowing dollar-denominated trade amid peace talkscnbc.comKey quotes
· 3 pulledThe U.S. has issued a sweeping rollback of sanctions on Iranian oil, allowing dollar-denominated trade for the first time in more than four decades
The U.S. Treasury on Monday issued a wide-ranging 60-day exemption allowing Iran to produce and sell crude oil, petrochemical and petroleum products in U.S. dollars through Aug. 21
Under the so-called General License X, vessels and entities previously subject to U.S. sanctions are also cleared for transactions
The U.S. issued a sweeping rollback of sanctions on Iranian oil, offering Tehran an economic lifeline as negotiations toward a peace deal proceed.
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