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U.S. issues 60-day sanctions waiver allowing Iranian oil trade, reversing decades of policy

By

The Economist

10d ago· 1 min readenNews

Summary

The article reports that the U.S. Treasury Department issued a 60-day sanctions waiver permitting Iranian petroleum production, sale, and delivery, marking a significant reversal of four decades of American policy. This move is framed as a major concession that will bring immediate relief to Iran and could eventually enrich the regime. The piece contrasts this diplomatic development with Iran's football team unexpectedly performing well in the World Cup.

Source

bskyU.S. issues 60-day sanctions waiver allowing Iranian oil trade, reversing decades of policyecon.st

Key quotes

· 3 pulled
On June 22nd the Treasury Department, upending four decades of American policy, issued a sanctions waiver permitting the production, sale and delivery of Iranian petroleum for 60 days.
The move will bring instant relief to the Iranian regime, and it could over time make Iran rich again.
Iranian negotiators are scoring even bigger wins.
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It will enrich an adversary

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