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Treasury Secretary Scott Bessent announced that Washington has issued a 60-Day waiver for sanctions on Iranian oil.
“In line with the ongoing productive talks in Switzerland, Iran has committed to free and open transit in the Strait of Hormuz and to permit International Atomic Energy Agency (IAEA) inspectors into their country,” he wrote on X. “As part of the framework, Treasury has issued a temporary 60-day general license authorizing the production, delivery, and sale of Iranian oil.”
Executive Vice President of Responsible Statecraft Trita Parsi said the sanctions waiver should be viewed as a concrete sign that negotiations are progressing. “There is a lot of skepticism about the MOU, lots of false expectations that an immediate breakthrough must be achieved, otherwise the talks are failing, or an overreaction to every theatrical setback. Some of it is warranted, much of it is not,” he explained.
There is a lot of skepticism about the MOU, lots of false expectations that an immediate breakthrough must be achieved, otherwise the talks are failing, or an overreaction to every theatrical setback. Some of it is warranted, much of it is not.
Filtering the noise from the… https://t.co/Yrbbr4g4wH
— Trita Parsi (@tparsi) June 22, 2026
He added, “This is one of them: The US just issued a general license for Iranian oil sales for the duration of the MOU. A clear sign things are moving forward.”
Tehran has long sought the removal of US sanctions on its economy. Before the war began, Iran offered significant restrictions on its nuclear enrichment program in exchange for the removal of American sanctions.
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