{"id":2708,"date":"2026-06-22T18:38:14","date_gmt":"2026-06-22T18:38:14","guid":{"rendered":"https:\/\/metrotransitreview.com\/?p=2708"},"modified":"2026-06-22T18:38:14","modified_gmt":"2026-06-22T18:38:14","slug":"us-waives-iran-oil-sanctions-for-two-months-in-10-billion-payday","status":"publish","type":"post","link":"https:\/\/metrotransitreview.com\/?p=2708","title":{"rendered":"US waives Iran oil sanctions for two months in $10 billion payday"},"content":{"rendered":"
\n

WASHINGTON \u2014 The US government on Monday formally waived oil sanctions on Iran for two months \u2014 allowing for roughly $10 billion in revenue as nuclear talks continued with Iranian officials in Switzerland.<\/p>\n

Read more Shooting at Montreal grocery store leaves 1 cop dead, 1 wounded<\/a><\/p>\n

The Treasury Department waiver lasts through Aug. 21 \u2014 giving Iran the ability to openly sell its oil for the first time since the 1990s, meaning it will pocket new profits by avoiding discounted sales.<\/p>\n

The waiver was announced as Vice President JD Vance prepared to depart peace talks in Switzerland \u2014 and follows President Trump last week lifting the two-month US naval blockade of Iranian ports.<\/p>\n

The waiver could allow Iran to take in an estimated $60 billion annually \u2014 or $10 billion for the two-month window.<\/p>\n

Tehran has long sold its oil to China in violation of US sanctions and now\u00a0can boost profits by eliminating discounts that reached up to $10 per barrel, according to\u00a0market analysis\u00a0cited in\u00a0US government reports.<\/p>\n

These new market-rate transactions could translate into roughly $14 million in additional daily profits \u2014 or about $840 million over the 60-day window.<\/p>\n

The figure isn\u2019t precise because it depends on oil prices, which are plunging as the Strait of Hormuz reopens pursuant to the US-Iran memorandum of understanding signed last week.<\/p>\n

The higher range of calculations also assumes that Iran\u2019s oil infrastructure centered on Kharg Island is fully operational.<\/p>\n

Read more Cops called to Jets QB Geno Smith\u2019s Florida home over alleged battery \u2014 as disturbing video emerges<\/a><\/p>\n

Vance defended the looming action last week, saying sanctions were difficult to enforce before the war and did not impede Iran\u2019s exports to China, which then paid outside the US-governed international banking system.<\/p>\n

The easing of oil sales is part of a trio of financial inducements for Iran to give up its highly enriched uranium following the signing of the MOU to end the nearly four-month war.<\/p>\n

The Trump administration is also offering to unfreeze more than $100 billion in Iranian assets and facilitate a $300 billion Gulf Arab-financed reconstruction fund.<\/p>\n

\n<\/div>\n

The inducements would be granted in phases, contingent on Iranian steps to relinquish uranium and sever aid to terrorist proxies.<\/p>\n

Vance said Monday in Switzerland that unfrozen funds would not go directly to Iran, but would buy \u201cAmerican soy, American corn, and American wheat for the benefit of the Iranian people.\u201d<\/p>\n

A similar concept was applied to $6 billion released in 2023 by then-President Joe Biden in exchange for five US citizens jailed in Iran. That money was transferred to Qatar for humanitarian purchases \u2014 but the release was paused when Iran-backed Hamas rampaged through southern Israel weeks later.<\/p>\n

Read more NYC coffee shop bans pro-Israel politician in nasty post despite promise to treat all customers with \u2018unconditional dignity\u2019<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The US government on Monday formally waived oil sanctions on Iran for a period of two months \u2014 as nuclear talks continued with Iranian officials in Switzerland.<\/p>\n","protected":false},"author":1,"featured_media":2707,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-2708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world-news"],"yoast_head":"\nUS waives Iran oil sanctions for two months in $10 billion payday - Metro Transit Review<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/metrotransitreview.com\/?p=2708\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US waives Iran oil sanctions for two months in $10 billion payday - 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