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Treasury Grants Iran Two-Month Oil Waiver, Republicans Warn Terror Funding

6/24/2026

23 3 Full Breakdown

Summary

Story summary

The Treasury granted Iran a two-month oil-sanctions waiver, allowing market-rate sales for the first time since the 1990s.
Some U.S. Republican lawmakers warned the waiver could fund Iran groups that support regional terrorism.
The waiver, part of a package that unfreezes over $100 billion in Iranian assets, could add about $14 million daily, roughly $840 million in 60 days if oil prices hold and Kharg Island runs fully.

History

Historical Context

After the 1979 revolution, the United States froze roughly $11 billion of Iranian assets and imposed broad sanctions. In 1995 President Bill Clinton issued executive orders that tightened the oil embargo, marking a pivotal shift in U.S.–Iran trade policy. Today a two-month Treasury waiver promises $14 million daily—potentially $840 million in 60 days—reviving oil revenue and reshaping diplomatic leverage.

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Story summary

The Treasury granted Iran a two-month oil-sanctions waiver, allowing market-rate sales for the first time since the 1990s.
Some U.S. Republican lawmakers warned the waiver could fund Iran groups that support regional terrorism.
The waiver, part of a package that unfreezes over $100 billion in Iranian assets, could add about $14 million daily, roughly $840 million in 60 days if oil prices hold and Kharg Island runs fully.

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