US Iran Oil Sanctions Waived, Talks to End War Update

AI Summary

The US has issued a 60-day waiver of oil sanctions against Iran, allowing the country to sell oil in US dollars, a first in decades. In negotiations in Switzerland, the US and Iran agreed to a roadmap towards a final deal within 60 days. Iran's foreign ministry denied claims that it would allow nuclear inspectors back into the country, stating it made no new commitments. The waiver, detailed by Treasury Secretary Scott Bessent, also permits production and shipping of Iranian crude and unlocks necessary banking and transportation transactions.