Walter BloombergGeopolitics

US ALLOWS IRAN OIL SALES IN DOLLARS The U.S. Treasury approved a temporary waiver allowing Iran to sell crude oil, petrochemicals, and petr…

US ALLOWS IRAN OIL SALES IN DOLLARS The U.S. Treasury approved a temporary waiver allowing Iran to sell crude oil, petrochemicals, and petroleum products in dollars through Aug. 21, 2026. The move marks a major shift in sanctions policy as Washington and Tehran negotiate over the Strait of Hormuz, nuclear inspections, and broader sanctions relief. The waiver could provide Iran greater access to foreign currency and oil revenues.
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