US waives Iran oil sanctions, citing nuclear deal progress

The United States has temporarily lifted sanctions on Iran’s oil trade, citing progress in nuclear negotiations. Officials said the waiver will last 60 days. The move follows talks about allowing international nuclear inspections and reopening the Strait of Hormuz, a key waterway for global oil shipments. Vice President JD Vance stated that a "foundation" is now in place for a final agreement. The decision signals a potential shift in US-Iran relations, though no final deal has been confirmed.