The Treasury Department announced on June 22, 2026, that it has issued a temporary 60-day general license allowing the sale of Iranian oil. This license lifts the usual restrictions on oil sales. The decision is linked to ongoing negotiations in Switzerland, where Iran has agreed to ensure free and open transit in the Strait of Hormuz.
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Treasury Department Issues Temporary License for Iranian Oil Sales
The Treasury Department has issued a temporary 60-day license permitting the sale of Iranian oil, lifting standard restrictions. This decision is associated with ongoing negotiations in Switzerland, where Iran has committed to maintaining free transit in the Strait of Hormuz.
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Treasury issues temporary license for Iranian oil sales
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Treasury Department Issues Temporary License for Iranian Oil Sales