The United States has suspended sanctions on Iranian crude oil production and exports for a two-month period, effective immediately.
The move, announced on Monday, permits the Islamic Republic to sell and ship petroleum products until August 21, marking a significant de-escalation in US-Iran tensions.
Vance highlighted progress in indirect diplomatic channels, noting that mediators are advancing a gradual framework to unblock sanctions while implementing nuclear controls.
According to reports from La Nacion, the suspension is contingent on Iran's agreement to readmit United Nations nuclear inspectors.
This development follows a new round of negotiations aimed at stabilizing the region's nuclear posture.
The US Treasury Department confirmed the authorization, framing the temporary lift as a reward for constructive engagement rather than a permanent policy shift.