
Foreign Trade
Trump Treasury Issues Sweeping Iran Oil Waiver, Marking Sharp Break From 'Maximum Pressure'
The Trump administration issued a sweeping temporary sanctions waiver authorizing Iranian oil production, sale and shipment through August 21, 2026, reversing the "maximum pressure" campaign. Treasury Secretary Scott Bessent announced the move, stating Iran committed to maintaining free transit in the Strait of Hormuz and permitting International Atomic Energy Agency inspectors. The Iran General License X covers maritime services and permits U.S. dollar-denominated payments to Iran, a stark departure from years of financial isolation efforts.























