US suspends sanctions on Iranian oil until August 21 amid negotiations to end West Asia war
Published on: June 22, 2026, 7:21 p.m. | Source: The Economic Times
Washington has granted Iran a 60-day waiver on oil sanctions, permitting the nation to produce, export, and sell its crude until August 21. This move, part of an interim deal to de-escalate tensions, offers significant relief to Iran's energy sector. The decision could boost Iranian oil shipments, potentially alleviating global supply worries and stabilizing energy costs.
