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U.S. agrees to temporarily lift Iran oil sanctions amid progress in negotiations

The U.S. Treasury Department issued a two-month license for Iran to produce, sell and deliver oil without placing U.S. penalties on buyers. The agreement is in exchange for what the White House called progress in negotiations. Weijia Jiang reports.

Published June 23, 2026, 12:35 PM
Updated June 23, 2026, 12:44 PM5.0K
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U.S. agrees to temporarily lift Iran oil sanctions amid progress in negotiations

The U.S. Treasury Department issued a two-month license for Iran to produce, sell and deliver oil without placing U.S. penalties on buyers. The agreement is in exchange for what the White House called progress in negotiations. Weijia Jiang reports.

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