US Pauses Iranian Oil Sanctions for 60 Days During Negotiations
The United States has suspended sanctions on Iranian oil sales for 60 days during ongoing talks in Switzerland. Treasury Secretary Scott Bessent said Iran agreed to keep the Strait of Hormuz open and allow the International Atomic Energy Agency to operate.
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- US lifts sanctions on Iranian oil sales for 60 days.
- Decision follows productive negotiations in Switzerland.
- Iran reportedly promised open transit in the Strait of Hormuz.
- Bessent said Iran will allow the International Atomic Energy Agency to operate.
The United States has lifted sanctions on Iranian oil sales for the next 60 days, Treasury Secretary Scott Bessent said on June 22, 2026, citing progress in talks in Switzerland. In a post on X, he said the move follows "ongoing productive talks" and that the suspension applies while negotiations continue.
Bessent said Iran has committed to allow "free and open transit" through the Strait of Hormuz and to permit the International Atomic Energy Agency to operate, though the post was truncated before the full details of that commitment were visible. He framed the decision as part of an effort to make the world "safer and more prosperous" under President Donald Trump and Vice President JD Vance.
The article gives no additional details on the scope of the sanctions relief, how it will be enforced, or what happens after the 60-day period ends. It also does not specify which Iranian oil transactions will be covered beyond the general suspension of sanctions on sales.
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