Trump Action Archive

Supporting reports

• Treasury issued 60-day general license waiving Iranian oil sanctions — Treasury Secretary Scott Bessent issued a temporary 60-day general license authorizing the production, delivery, and sale of Iranian oil, as well as refined products and petrochemicals. The license permits U.S. refiners to import Iranian oil and pay for it in U.S. dollars, effectively restoring Iran's access to dollar transactions and allowing the country to monetize an estimated $8–9 billion in oil already at sea, plus ongoing sales and release of frozen assets.
• Treasury issues Iran sanctions waiver allowing oil sales in U.S. dollars — The U.S. Treasury Department issued a 60-day general license and sanctions waiver permitting Iran to sell oil, petrochemicals, and natural resources globally, including to the United States, using U.S. dollars for transactions. The action followed the Lake Lucerne Summit in Switzerland, where Vice President JD Vance and Jared Kushner participated in quadrilateral negotiations involving the U.S., Iran, Pakistan, and Qatar aimed at advancing a Middle East conflict resolution deal. The waiver represents a significant reversal of Trump administration sanctions policy.
• Trump administration waived sanctions on Iranian oil — The Trump administration waived sanctions on Iranian oil for the period covered by the MOU, as specified in that agreement. The waiver increases the value of Iranian oil exports and represents a significant economic concession to Iran as part of the peace agreement framework.
• Iranian oil tankers move through Strait of Hormuz — Following the Treasury Department's sanctions waiver, Iranian oil tankers began moving through the Strait of Hormuz in massive volumes, indicating immediate implementation of the newly permitted oil sales. The movement of tankers represents the practical execution of the sanctions relief announced by the U.S. government.