“Under President Donald Trump and Vice President JD Vance, we continue to make the world safer and more prosperous,” Bessent wrote in a Twitter post.
“In line with the ongoing productive talks in Switzerland, Iran has committed to free and open transit in the Strait of Hormuz and to permit International Atomic Energy Agency (IAEA) inspectors into their country.”
“As part of the framework, Treasury has issued a temporary 60-day general license authorizing the production, delivery, and sale of Iranian oil.”
CNN said
the waiver allows Iran to sell and supply oil without restrictions until 12:01
a.m. Aug. 21 to nearly all countries, including the United States. The report
said the move could provide significant support to Iran’s economy after years
of strict export limits and was negotiated by Trump administration officials to
persuade Tehran to fully reopen the Strait of Hormuz and ease the global energy
supply crisis.