Unraveling U.S. sanctions on Iran unlikely to be quick or easy
ONP Summary
The United States has temporarily waived sanctions on Iranian oil exports for two months through August 21, 2026, as negotiations on a broader nuclear and regional peace agreement advance. In exchange, Iran committed to allowing International Atomic Energy Agency nuclear inspections and maintaining open maritime transit through the Strait of Hormuz.
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At issue is whether an interim U.S. deal with Iran can translate into lasting economic relief. ...