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International Business Times UK
International Business Times UK
World
Jeyn Klare Reyes

Trump Gives Iran Rare Oil Export Reprieve as US Seeks to Lock In Fragile Peace Deal

President Donald Trump approved a 60-day waiver on Iranian oil exports as negotiations continue over a broader peace deal. (Credit: AFP News)

The United States has granted Iran a 60-day waiver on oil export sanctions, marking one of Washington's biggest concessions to Tehran in years as President Donald Trump seeks to secure a lasting peace agreement following recent hostilities.

The waiver allows Iran to resume crude oil exports and related financial transactions while negotiations continue over nuclear inspections, frozen assets and regional security arrangements.

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