US lifts sanctions on Iran oil for 60 days

The U.S. Treasury Secretary announced that the U.S. has lifted sanctions on Iranian oil for a period of 60 days. This decision was justified by Iran's commitments to ensuring free transit in the Strait of Hormuz and allowing International Atomic Energy Agency inspectors access to the country.

The lifting of these sanctions could have significant implications for regional stability and U.S.-Iran relations. This development reflects ongoing diplomatic efforts related to Iran's nuclear program and maritime security.