The US has temporarily lifted sanctions on Iranian oil for 60 days, allowing its production and sale. This move follows Iran’s agreement to permit UN nuclear inspectors and ensure free passage through the Strait of Hormuz. Vice President JD Vance hailed the understanding as a crucial foundation for a future deal, though nuclear talks are still in early stages. Any potential asset releases would be restricted for American benefit. The US has temporarily lifted sanctions on Iranian oil for 60 days, allowing its production and sale. This move follows Iran’s agreement to permit UN nuclear inspectors and ensure free passage through the Strait of Hormuz. Vice President JD Vance hailed the understanding as a crucial foundation for a future deal, though nuclear talks are still in early stages. Any potential asset releases would be restricted for American benefit.
