US eases Iran oil sanctions after nuclear inspection deal

The United States has temporarily lifted some oil sanctions on Iran, allowing the country to export crude oil again. The move comes after Vice President JD Vance said Iran had agreed to allow international nuclear inspectors back into the country.

The sanctions waiver caused global oil prices to drop. Vance also suggested the US might unfreeze some Iranian assets for American purchases. Iran denied that it had agreed to nuclear inspections, but the US went ahead with the waiver anyway.