Waiving sanctions on Iranian oil is a huge concession by America
Jun 23rd 2026|5 min read
IRAN’S FOOTBALL team is having an unexpectedly good World Cup. On June 21st it held Belgium, ranked ninth in the world, to a draw in Los Angeles, leaving it within reach of the knockout stages. Over in Switzerland, Iranian negotiators are scoring even bigger wins. On June 22nd the Treasury Department, upending four decades of American policy, issued a sanctions waiver permitting the production, sale and delivery of Iranian petroleum for 60 days. The move will bring instant relief to the Iranian regime, and it could over time make Iran rich again.
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