{"id":116102,"date":"2026-06-22T21:00:59","date_gmt":"2026-06-22T16:00:59","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=116102"},"modified":"2026-06-22T20:38:12","modified_gmt":"2026-06-22T15:38:12","slug":"us-eases-iran-oil-sanctions-following-burgenstock-talks","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/business\/us-eases-iran-oil-sanctions-following-burgenstock-talks\/","title":{"rendered":"US eases Iran oil sanctions following B\u00fcrgenstock talks"},"content":{"rendered":"

WASHINGTON DC: The <\/span>United <\/span>States <\/span>Treasury <\/span>Department <\/span>today <\/span>issued <\/span>a <\/span>general <\/span>license <\/span>permitting <\/span>the <\/span>production, <\/span>export, <\/span>and <\/span>sale <\/span>of <\/span>crude <\/span><\/a>oil, <\/span>and <\/span>related <\/span>petro- <\/span>and <\/span>petroleum <\/span>products <\/span>of <\/span>Iranian <\/span>origin. <\/span><\/span><\/p>\n

Treasury <\/span>Secretary <\/span>Scott <\/span>Bessent <\/span>said <\/span>the <\/span>license <\/span>will <\/span>extend <\/span>until <\/span>August <\/span>21st. <\/span><\/span>In <\/span>his <\/span>posting <\/span>on <\/span>X, <\/span>Bessent <\/span>commented <\/span>that <\/span>\u201cin <\/span>a <\/span>step <\/span>to <\/span>make <\/span>sure <\/span>that, <\/span>as <\/span>we <\/span>continue <\/span>the <\/span>productive <\/span>talks <\/span>in <\/span>Switzerland <\/span>leading <\/span>toward <\/span>a <\/span>framework <\/span>over <\/span>the <\/span>next <\/span>60 <\/span>days, <\/span>to <\/span>achieve <\/span>a <\/span>final <\/span>deal, <\/span>Iran <\/span>has <\/span>committed <\/span>to <\/span>open <\/span>passage <\/span>through <\/span>the <\/span>Strait <\/span>of <\/span>Hormuz <\/span>and <\/span>permitting <\/span>International <\/span>Atomic <\/span>Energy <\/span>inspections. <\/span><\/span><\/p>\n

He <\/span>said, <\/span>“In <\/span>a <\/span>step <\/span>to <\/span>ensure that <\/span>as <\/span>we <\/span>continue <\/span>the <\/span>productive <\/span>talks <\/span>in <\/span>Switzerland <\/span>toward <\/span>a <\/span>framework <\/span>to <\/span>a <\/span>final <\/span>deal <\/span>to <\/span>get <\/span>a <\/span>signed <\/span>final <\/span>deal, <\/span>Iran <\/span>has <\/span>agreed <\/span>to <\/span>secure <\/span>free <\/span>and <\/span>open <\/span>passage <\/span>through <\/span>the <\/span>Strait <\/span>of <\/span>Hormuz <\/span>and <\/span>will <\/span>permit <\/span>International <\/span>Atomic <\/span>Energy <\/span>inspections.\u201d <\/span><\/span><\/div>\n
<\/div>\n
Vance <\/span>said. <\/span><\/span>“Bregenstock <\/span>negotiators <\/span>achieved <\/span>the <\/span>task <\/span>of <\/span>laying <\/span>a <\/span>strong <\/span>foundation <\/span>for <\/span>the <\/span>completion <\/span>in <\/span>the <\/span>coming <\/span>weeks <\/span>of <\/span>a <\/span>deal <\/span>with <\/span>Iran,” h<\/span><\/span>e <\/span>said.<\/span><\/span><\/div>\n
<\/div>\n
The<\/span>\u00a0<\/span>USA <\/span>works <\/span>for <\/span>the <\/span>safety <\/span>measures <\/span>in <\/span>the <\/span>process <\/span>of <\/span>unfreezing <\/span>Iran’s <\/span>assets <\/span>that <\/span>will <\/span>go <\/span>to <\/span>the <\/span>Iranian <\/span>people, <\/span>but <\/span>will <\/span>not <\/span>be <\/span>spent <\/span>on <\/span>terrorist <\/span>activities. The <\/span><\/span>US <\/span>vice <\/span>president <\/span>said <\/span>he <\/span>looks <\/span>forward <\/span>to <\/span>inspections <\/span>by <\/span>the <\/span>IAEA <\/span>that <\/span>will <\/span>begin <\/span>very <\/span>soon, <\/span>and <\/span>potentially <\/span>in <\/span>days. <\/span><\/span><\/div>\n
<\/div>\n
Vance <\/span>says, <\/span>\u201cThat <\/span>the <\/span>ultimate <\/span>goal <\/span>remains <\/span>to <\/span>reach <\/span>a <\/span>sustainable <\/span>settlement, <\/span>however, <\/span>he <\/span>added <\/span>that <\/span>current <\/span>developments encourage<\/span>.<\/span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"

WASHINGTON DC: The United States Treasury Department today issued a general license permitting the production, export, and sale of crude oil, and related petro- and petroleum products of Iranian origin. Treasury Secretary Scott Bessent said the license will extend until August 21st. In his posting on X, Bessent commented that \u201cin a step to make […]<\/p>\n","protected":false},"author":9,"featured_media":104914,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9],"tags":[43227,182],"class_list":["post-116102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","tag-iran-oil-sanction","tag-us"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/116102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=116102"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/116102\/revisions"}],"predecessor-version":[{"id":116103,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/116102\/revisions\/116103"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/104914"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=116102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=116102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=116102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}