The United States has officially issued a temporary 60-day sanctions waiver for Iran, clearing the way for Tehran to sell crude oil and securing the release of $12 billion in frozen Iranian assets.
The decision follows intense high-level talks in Switzerland, establishing an initial roadmap intended to transition a recent ceasefire into a permanent peace deal.
Under the newly issued Treasury license, maritime shipping lines and global buyers are authorized to resume the trade of Iranian oil and petrochemical products through August 21.
In lockstep with the economic rollbacks, Iranian Parliament Speaker Mohammad Bagher Ghalibaf confirmed that an agreement has been finalized to release $12 billion in blocked funds, which U.S. officials state will be heavily monitored and primarily used for purchasing American agricultural goods.
While global markets responded positively to the diplomatic breakthrough, President Donald Trump delivered a strict warning from the White House, making it clear that Washington’s leniency depends entirely on Tehran’s compliance.
”If Iran fails to hold up its end of the agreement, we go back to bombing,” Trump stated, emphasizing that the 60-day window is a strict trial period for nuclear verification and diplomatic compliance.
The 60-day timeline serves as a high-stakes runway for negotiators from both nations to hash out a final treaty covering the status of Iran’s enriched uranium stockpile, the permanent lifting of secondary sanctions, and long-term security across critical maritime corridors like the Strait of Hormuz.
