Trump Lets Americans Buy Iranian Oil for the First Time Since the 1980s
As part of peace negotiations, the U.S. Treasury issued an unprecedented total waiver from Iranian oil sanctions.

Iran is racing to court some of Asia’s largest oil buyers as a 60-day US sanctions waiver takes effect, a temporary lifeline that should allow Tehran to resume exports and begin clearing a backlog of cargoes on the water, even as peace talks continue.
As part of peace negotiations, the U.S. Treasury issued an unprecedented total waiver from Iranian oil sanctions.
Iran is moving unilaterally to tighten its grip on the Strait of Hormuz — and to start collecting revenue from it – even as it negotiates with the U.S. and its Gulf neighbors over future management of the waterway.Iran's top insurance regulator, Mousa Rezaei, announced Sunday that a new insurance company has been created specifically for the strait, according to Iranian state media, and days earlier, the Persian Gulf Strait Authority — an entity Iran established in May — began requiring vessels to register and carry a new mandatory Iranian insurance policy, reported the New York Times.For now, that coverage is free, but shipping experts say the 60-day free period is telling. That matches the length of the cease-fire and free-passage guarantees in last week's U.S.-Iran memorandum of understanding ending the war and reopening the strait.Once that window closes, maritime historian Salvatore Mercogliano said, Iran could begin charging vessels for "insurance" against risks — attacks, detained mariners — that didn't exist before Iran itself created them by striking commercial ships earlier this year.Richard Meade, editor of Lloyd's List, called the arrangement effectively a toll by another name, designed to get ahead of the broader negotiations over the strait's security framework that Vice President JD Vance said are still to come.International law generally bars charging tolls for mere passage through a strait, though fees for actual services — like tugging waste disposal — can be legitimate. Iran has not specified what services its new insurance would provide, and the International Maritime Organization said the scheme has not been submitted to it and carries no basis in international law allowing mandatory fees or tolls.The maneuver also creates a trap for shippers. The U.S. Treasury sanctioned the Persian Gulf Strait Authority in May, accusing Iran of trying to monetize attacks on vessels through extortion, and has warned that paying the authority could itself trigger sanctions — leaving companies caught between Iranian demands and U.S. enforcement.The result, Meade said, is that shippers remain stuck in limbo, unable to return to how transit worked before the war and unable to know what rules will govern it next. The Persian Gulf Strait Authority did not respond to a request for comment by the outlet.
The Strait of Hormuz remains a pivotal flashpoint in the U.S.-Iran conflict — an ace card that Tehran repeatedly plays to hedge against American power. At the recent Group of Seven summit in France, President Donald Trump praised Chinese President Xi Jinping for remaining “neutral” during a peak in U.S.-Iran tensions, suggesting that Beijing showed […]
Iran said $12 billion of its frozen funds were set to be released as part of ongoing talks with the US, with the two sides broadly signaling progress in negotiations to formally end their war.
"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Israel's Ambassador to the United Nations Danny Danon says Israel is "very comfortable" with the US representing its interests in Iran negotiations, touting a "strong alliance" with Washington even amid questions about public strains between President Trump and Prime Minister Benjamin Netanyahu. Joe Twyman, Co-founder and Director at DeltaPoll, says the economy and cost of living, not Epstein-related controversy, will likely be seen as the issue that brought Starmer down after the UK Prime Minister resigned. Representative Dan Goldman (D-NY), a member of the House Judiciary and Homeland Security Committees, discusses New York Mayor Zohran Mamdani's endorsement of his opponent, Brad Lander, ahead of Tuesday's primary, saying Democrats broadly agree that life is "way too expensive" for most Americans. (Source: Bloomberg)
President Trump and Republican senators are headed for a collision Wednesday, when they will be meeting on Capitol Hill to discuss two major sources of strain: the Safeguard American Voter Eligibility (SAVE America) Act and the Iran peace deal. Republican senators are bracing themselves for an unpredictable, and potentially heated, discussion as tensions have been…
Vice President JD Vance says his marathon first round of negotiations with Iran have set the foundation for a lasting peace deal. It comes as President Donald Trump faces criticism for Iran’s 60-day waiver for U.S. sanctions, allowing them to sell oil freely on the open market. NBC’s Gabe Gutierrez reports for TODAY.
The U.S. has temporarily lifted oil sanctions on Iran as peace talks continue. And, a federal judge ruled that the Trump administration's data system, known as SAVE, is unlawful.