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US Grants Limited Iran Sanctions Waiver Amid Fragile Diplomatic Talks

A 60-day sanctions waiver issued by the U.S. Treasury allows Iran to resume limited oil exports and process payments, a concession following initial peace talks in Switzerland. Mediated by Qatar and Pakistan, the discussions seek to de-escalate regional frictions involving Israel, Lebanon, and the Strait of Hormuz.

US Grants Limited Iran Sanctions Waiver Amid Fragile Diplomatic Talks

Vice President JD Vance framed these negotiations as a foundational step toward a comprehensive peace agreement, though Tehran remains defiant on key issues. Iranian officials have explicitly rejected calls for immediate nuclear inspections or increased cooperation with the International Atomic Energy Agency, signaling that the path to a broader settlement remains volatile.

While the easing of restrictions could stabilize global energy supply pressures and influence crude pricing, the political landscape in Washington remains strained. Donald Trump has already issued a warning of unspecified consequences should Iran violate the terms of this interim arrangement. The next two months serve as a critical window for both nations to determine if this temporary relief can evolve into a durable framework or if the threat of renewed sanctions will resurface.

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