US eases sanctions on Iranian oil exports as talks move towards final peace agreement

In a significant development, the US has greenlit the production, delivery, and sale of Iranian oil for a 60-day period. This move, tied to ongoing peace talks, allows for crucial transit in the Strait of Hormuz and IAEA inspections. The temporary waiver, effective until August 21, also permits imports into the US under specific conditions, impacting global energy markets.