InternationalNewsAPI
U.S. issues sweeping Iran oil sanctions waivers, unlocking billions in revenue for Tehran - CNBC
Overview
The U.S. has issued a sweeping rollback of sanctions on Iranian oil, including permitting dollar-denominated trade for the first time in decades and unlocking billions in revenue for Tehran. The move follows earlier targeted authorizations to allow some loaded shipments and comes as Washington and Tehran press fragile negotiations aimed at extending a ceasefire and reopening the Strait of Hormuz. Officials say the relief is intended to stabilize energy markets and support diplomacy, but it also risks strengthening Iran’s finances and inviting political backlash.
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