US grants 60-day Iran oil waiver as talks push toward a final deal
The United States issued a 60-day general licence through August 21 allowing Iranian oil production, delivery, and sale to the U.S. as part of talks with Tehran aimed at a final peace deal, with Iran expected to permit Strait of Hormuz transit and IAEA inspections. Vice President JD Vance said progress is encouraging, while oil prices fell on the news and tanker traffic in Hormuz rose amid ongoing dynamics around Iran.
