Published Jun 22, 2026, 9:40 AM ET · Updated 5 months ago · 1 source

The United States Treasury's Office of Foreign Assets Control (OFAC) has issued a 60 day waiver of U.S. sanctions on all Iranian crude oil and associated products until August 21st, 2026. The waiver allows Iran to sell oil to anyone, including the U.S., except for Cuba, North Korea and occupied Ukraine.

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Original Report

The United States Treasury's Office of Foreign Assets Control (OFAC) has issued a 60 day waiver of U.S. sanctions on all Iranian crude oil and associated products until August 21st, 2026. The waiver allows Iran to sell oil to anyone, including the U.S., except for Cuba, North Korea and occupied Ukraine.