The United States has issued a 60-day general license permitting Iran to sell crude oil on international markets, marking a significant de-escalation in energy sanctions policy.
The measure, effective immediately, allows the Islamic Republic to resume exports until late August, providing a temporary economic lifeline as diplomatic channels reopen.
International Atomic Energy Agency inspectors are also set to return to the country, signaling a tentative thaw in nuclear oversight amid optimism following initial talks between Washington and Tehran.
Brent crude prices softened in the session as traders digested the prospect of renewed Iranian supply.
The suspension removes a key bottleneck in global oil flows, potentially adding volume to a market that has been tight due to geopolitical risks.
While the license is temporary, it reduces immediate supply-side uncertainty, allowing refiners and traders to plan for a short-term influx of Iranian barrels.