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The Treasury Department authorized limited Iranian crude sales through August 21, 2026. Iran agreed to allow IAEA inspectors and free transit through the Strait of Hormuz during ongoing talks in Switzerland.
theiranproject.comThe license runs through August 21, 2026, and covers importation of Iranian-origin crude, according to the department.
Diplomatic Context Vice President J.D.
Vance said Iran has committed to free transit in the Strait of Hormuz and to permit IAEA inspectors into the country. Vance added that technical teams from both sides remain in Burgenstock, Switzerland, after an initial 18-hour round of talks.
Vance said he expects conversations with IAEA inspectors to begin this week. He noted that a mechanism to keep the Strait of Hormuz open has been established, while further negotiations continue toward a potential long-term nuclear agreement.
nbcnews.comVice President JD Vance announced that Iran will allow International Atomic Energy Agency experts to resume operations inside the country. Washington also said it will lift sanctions on Iranian oil exports and reopen the Strait of Hormuz. Tehran stated it made no new commitments…
The U.S. Treasury Department issued a general license allowing the production, delivery and sale of Iranian-origin crude oil, petrochemical products and petroleum products. The license remains valid through August 21.
keeptalkinggreece.comA technical accident at the Barzan local gas supply facility in Ras Laffan killed 13 workers and injured 66 others on Sunday night. Qatar's energy minister said the blast was not sabotage and would not affect exports.