US temporarily eases oil embargo on Iran
-
Media Baaji
- Tue, 23 June 2026
Kathmandu. An important diplomatic turn has been seen in the decades-long strained relationship between the US and Iran. The United States has decided to temporarily suspend the tough economic sanctions it is imposing on Iran in ongoing talks mediated by Qatar and Pakistan at the Burgenstock resort in Switzerland. With this decision, Iran will be able to sell its crude oil in dollars in the international market for the next two months.
With this temporary exemption, Iran will be able to sell oil in dollars in the international market with American companies for at least the next two months. Earlier, due to sanctions, Iran was forced to sell its oil through shadow networks and mainly to China. Iran's crude oil warehouses were full when the navy was deployed and blockaded in the Hormuz waterway, but now it has been agreed that the movement of ships carrying oil and natural gas in the waterway will be restricted.
Related News
Preparation for renegotiation between the US and Iran
Kathmandu. The second round of high-level peace talks will resume in Pakistan's Islamabad with the aim of reducing tensions between the US and Iran. After US President Donald Trump indicated that talks could be held in Pakistan within the next two...
The future of Nepalese in America is in doubt, about seven thousand Nepalese are at risk of deportation
Kathmandu. Thousands of Nepalis who came to America a decade ago to avoid the tragedy of the earthquake are now at risk of losing their legal existence. After the latest order of the US Federal Court of Appeals, the immigration of about seven thou...
1.7 million Nepalis living abroad are in fear because of the US-Iran war
Kathmandu. The 17 lakh 29 thousand 287 Nepalis living there are under the psychological pressure of insecurity due to the heightened tension in the Middle East and West Asia after the US and Israel's military attack on Iran. Apart from the tragic...
Trump revealed that a preliminary agreement has been signed between the US and Iran to end the war
Kathmandu. US President Donald Trump has claimed that a preliminary agreement has been signed to end the three-and-a-half-month-long war with Iran. President Trump confirmed the diplomatic success during a bilateral meeting with French President E...
EU withdraws proposed ban on petrol and diesel cars, strongly criticized by Spain's prime minister
Kathmandu. The European Union has backtracked on its previous decision to ban the sale of new petrol and diesel cars from 2035. The Prime Minister of Spain, Pedro Sanchez, strongly criticized this step and termed it as a historical mistake. Speaki...
As Trump's "Hormuz Ultimatum" approaches, there is no sign of Iran's agreement
Kathmandu. US President Donald Trump has repeatedly set deadlines, presented demands and issued threats during the five-week US-Israeli war against Iran. But rarely were they so clear. A new round of attacks against Iran will be devastating. That...