U.S. agrees to temporarily lift Iran oil sanctions amid progress in negotiations

Published Jun 23, 2026 • 12:35 PM

The short version

Treasury Department issued a two-month license for Iran to produce, sell and deliver oil without placing U.S. penalties on buyers.
The agreement is in exchange for what the White House called progress in negotiations.

The U.S. Treasury Department issued a two-month license for Iran to produce, sell and deliver oil without placing U.S. penalties on buyers. The agreement is in exchange for what the White House called progress in negotiations.

Weijia Jiang reports.

Read the full story at CBS NewsOriginal

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