The United States has issued a temporary general license authorizing the production, delivery, and sale of Iranian crude oil for a 60-day period, extending through August.
Treasury Secretary Scott Bessent announced the decision on Monday, citing "productive talks" between Tehran and Washington that took place in Switzerland over the weekend.
The authorization marks a significant de-escalation in energy-related tensions, allowing Iranian exports to resume under a structured framework while broader diplomatic negotiations continue.
The move directly addresses supply-side uncertainties that have weighed on global energy markets.
By permitting Iranian crude to flow again, the license removes a key geopolitical risk premium from oil prices.
Markets are likely to interpret the 60-day window as a stabilization measure, reducing the immediate threat of supply disruption in the Strait of Hormuz and surrounding regions.