US Grants Temporary Waiver for Iranian Oil Sales Amidst Peace Negotiations

The United States has granted Iran a 60-day waiver, permitting the country to sell oil on the international market, which serves as an economic support during ongoing peace discussions. US officials reported positive progress in negotiations, including a claim that Iran agreed to allow nuclear inspectors, though Iranian officials disputed this specific point. This development has helped alleviate global oil supply concerns, contributing to a more than 3% drop in Brent crude prices.