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.
Express
Related News
EU imposes new economic sanctions against Russia
Kathmandu. The European Union EU has decided on Friday not to allow the assets of the Russian Central Bank to return to Russia in any way. The move was implemented immediately in view of the ongoing conflict in Ukraine...
742 dead in Iran in war between Israel, US and Iran
Kathmandu. Today is the fourth day of war between Israel, America and Iran. So far, 742 people have died in Iran and 750 people have been injured. 176 of those killed are children. According to Al Jazeera's report, the United States and Israel hav...
The US shot down an Iranian drone in the Arabian Sea
Kathmandu. The US shot down an Iranian drone in the Arabian Sea on Tuesday. According to Reuters, Iran's Shahed (139) drone came close to the USS Abraham Lincoln aircraft carrier of the US Navy. The USS Abraham Lincoln is a nuclear-powered aircraf...
Plane skids off runway in Hong Kong and crashes into sea, two dead
Kathmandu. A cargo plane skidded off the runway at Hong Kong International Airport and fell into the sea. Two people died when Emirates Flight EK 9788 crashed, the BBC reported. Both the deceased are not in the plane, but the ground staff of the a...
Iran's objection to US role in Strait of Hormuz
Tehran. Iran has made it clear that American leadership or interference in the security system of the Persian Gulf and Strait of Hormuz is not acceptable. Iran has reiterated its old stance that regional security should be ensured not by external...
Trump's security meeting without conclusion, US-Iran peace deal in confusion
Kathmandu. A high-level security meeting called by US President Donald Trump in the Situation Room of the White House to take a "final decision" on a possible peace deal with Iran and the extension of the 60-day ceasefire ended without a conclusio...