US suspending sanctions on Iranian oil until 21 August

US suspending sanctions on Iranian oil until 21 August The US government has said it is suspending sanctions on Iran until 21 August. The Treasury said in a statement that it was waiving all existing US sanctions on "the Production, Delivery and Sale of Crude Oil, Petrochemical Products, and Petroleum Products of Iranian-Origin through August 21, 2026." The waiver will also allow the US to import "petrochemical and petroleum products of Iranian origin" for domestic use.