Published: 01:22 AM, 19 May 2026
US agrees to suspend Iran oil sanctions during negotiations: Report
The United States has agreed to suspend sanctions on Iranian oil during negotiations with Tehran, the Tasnim news agency reported citing a source close to the Iranian negotiating team.
According to the source, unlike its previous proposals, the US has accepted in its new offer to waive oil sanctions against Iran for the duration of the talks.
The source was quoted as saying waiving sanctions means the temporary relinquishment of restrictions during the negotiation period.
On Monday, the report said Iran, for its part, insists on the lifting of all sanctions as part of any agreement.
The source also said the United States is only ready to waive sanctions imposed by the US Treasury's Office of Foreign Assets Control (OFAC) until a final understanding is reached.
Since 28 February 2026, the United States and Israel have been engaged in a war with Iran and its regional allies. The conflict began when the US and Israel launched airstrikes on Iran, targeting military and government sites and assassinating several Iranian officials, including Supreme Leader Ali Khamenei.
The surprise attacks were launched during negotiations between Iran and the US regarding Iran's nuclear program. Iran responded with missile and drone strikes on Israel, US bases, and US-allied Arab countries in West Asia; and the closure of the Strait of Hormuz, disrupting global trade. The United Arab Emirates, Saudi Arabia, and Kuwait responded with their own strikes on Iran and its regional allies.
>>Agency
