23 Hrs
Source:
عين ليبيا
Washington ends Iran oil ban
The U.S. Treasury Department announced the issuance of a temporary license allowing Iran to export and sell oil and petrochemical products until August 2026. This step aims to ease restrictions on the Iranian energy sector. The decision comes after direct talks in Switzerland between Washington and Tehran, focusing on de-escalation and ending military operations, with Iran committing to allow ships to pass through the Strait of Hormuz and to permit IAEA inspectors' entry. The announcement impacted the oil markets, causing a significant drop in prices, amid increasing regional tensions regarding energy security and maritime navigation in the area.
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