The U.S. on Monday authorized Iranian oil sales through August after “productive talks” between Tehran and Washington in Switzerland over the weekend, Treasury Secretary Scott Bessent said.

“As part of the framework, Treasury has issued a temporary 60-day general license authorizing the production, delivery, and sale of Iranian oil,” Bessent said in a social media post.

Vice President JD Vance said earlier Monday that “great progress” was made during the talks in Switzerland, despite Iran’s declaration over the weekend that it had closed the Strait of Hormuz. U.S. Central Command said Hormuz had not been closed.

Vance said Iran agreed to allow weapons inspectors from the International Atomic Energy Agency back into the Islamic Republic. Bessent said Tehran committed to free and open transit through Hormuz.

The U.S. Navy on Thursday lifted its blockade of Iran’s ports and coastal areas. Iranian supertankers have switched on their transponders, after going dark during the war, as they depart the region loaded with oil.

Posted by John3262005

5 Comments

  1. Well, I suppose this is some news regarding the Iran war

    Guess we will see what happens at the end

    Whether the mou actually ends the war or something else happens

  2. Direct-Tennis-3963 on

    This is such a huge iran win that I am laughing how trump is insulated and how vance is even let into USA lol.

    >Vance said Iran agreed to allow weapons inspectors from the International Atomic Energy Agency back into the Islamic Republic

    They were doing this before his boss threw away the previous deal

    > Bessent said Tehran committed to free and open transit through Hormuz.

    They were doing this before his boss started the war.

    Russia Ukraine face loss is first but this might be the second biggest face loss lol.

    Atleast Russia can say west helped Ukraine but Iran took minimal help to make trump tapout lol

  3. When you absolutely must get gas back below 3 dollars a gallon going into the midterm

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