U.S. waives Iran oil sanctions for 60 days (opens in new tab)

The United States issued a 60-day waiver of Iranian oil sanctions after U.S.-Iran talks in Bürgenstock, Switzerland, authorizing Iran to produce, sell and deliver crude oil and related petroleum products through Aug. 21. Treasury Secretary Scott Bessent said the pause reflected commitments made in the talks on free and open transit through the Strait of Hormuz and access for International Atomic Energy Agency inspectors. Vice President JD Vance said the discussions had laid the groundwork for...