The United States has partially lifted sanctions on Iranian oil exports following 'encouraging' talks over ending their conflict. The US Treasury issued a 60-day sanctions waiver on Monday, paving the way for the production, delivery and sale of Iranian oil.
This move comes after recent negotiations between US and Iranian officials, which were described as constructive. The waiver allows for limited oil transactions, though broader sanctions remain in place.
Experts note that this partial lifting could signal a potential thaw in relations, but caution that significant hurdles remain. The waiver is set to expire in 60 days, subject to review.
