US waives Iran oil sanctions as part of 60-day peace negotiations
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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The United States temporarily waived sanctions on Iranian oil exports on Monday, opening the door for Tehran to return to global energy markets as negotiations between the two countries continue.
In this edition, we look at the impact this has had on oil prices, while also examining major job cuts at Oracle linked to AI-driven restructuring and a sharp sell-off in technology stocks that's rippled from Wall Street to Asian and European markets. ...