U.S. Treasury permits 60-day sanctions waiver for Iranian oil production
On June 22, the U.S. Treasury Department issued a sanctions waiver allowing the production and sale of Iranian oil for 60 days, potentially boosting Iran's economy. This marks a significant shift from historical restrictions that began in 1980. While the waiver may encourage some buyers, obstacles remain that could limit its long-term effectiveness.
Summary by OZbrief Editorial · The West Australian · Source
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Published 24 Jun 2026, 01:15 UTC · Updated 24 Jun 2026, 01:20 UTC
Summary by OZbrief Editorial. Original report: The West Australian. Editorial policy · Corrections
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