U.S. Temporarily Lifts Oil Sanctions Against Iran, Citing ‘Productive’ Talks

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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President Trump and Vice President JD Vance pointed to progress on Iran’s nuclear program, but officials in Tehran said “no new commitments” had been made. ...