Strait of Hormuz: US lifts sanctions on Iranian oil

Dailypost | 23-06-2026 04:11am |

The United States has lifted sanctions on Iranian oil till August 21, 2026. The US Treasury Department announced this on Monday. The Department stressed that the temporary suspension is to enable Iran produce, sell and deliver crude oil and related products. “All transactions that were previously prohibited involving the production, sale, and transport of Iranian-origin crude oil

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