U.S. grants temporary waiver allowing Iran to sell oil in dollars after Switzerland talks

Following talks in Switzerland, the United States issued a temporary sanctions waiver that lets Iran settle oil exports in U.S. dollars, the biggest easing since sanctions were reimposed in 2018. The change could reduce the financial and logistical friction surrounding Iranian crude shipments and enable more barrels to enter global markets through lawful channels. The prospect of additional supply has already pressured oil prices lower.