U.S. agrees to temporarily lift oil sanctions on Iran under preliminary deal

A preliminary agreement between the United States and Iran has been reached. The deal calls for a temporary waiver of U.S. oil sanctions that have long constrained Iran. Those sanctions previously limited the volume of Iranian oil that could be sold abroad. They also restricted the amount of revenue Iran could collect from those exports. By lifting the restrictions, Iran will be able to increase oil shipments in the short term. The suspension is intended to last only for the duration of the negotiations. U.S. officials say the move aims to create economic incentives for Tehran to comply with broader diplomatic goals. The next phase will involve finalizing a comprehensive agreement and determining the timeline for reinstating sanctions if talks falter.