Iran Central Bank Says Sanctions Waiver on Oil Sales Expected

The governor of the Central Bank of Iran said the Foreign Assets Monitoring Office will issue a sanctions waiver on the sale of Iranian oil. The statement was released without a specific date for the waiver or information on which buyers or transactions would be covered.

Iranian oil exports have faced restrictions under U.S. sanctions programs for several years. Waivers, when granted, allow designated transactions to proceed without penalty. No further details on the scope or effective period of the expected waiver were provided in the announcement.