← Back to news
June 23, 2026
Treasury Department Issues Temporary License for Iranian Oil Sales
- The Treasury Department has issued a 60-day license permitting Iran to sell oil on the global market for the first time since 2018.
- Iran can now be paid in U.S. dollars, streamlining its oil sales and potentially increasing revenue.
- This marks a significant shift in U.S. policy under the Trump administration, which had previously enforced strict sanctions on Iran.
2 Sources
- Trump deal gives Iran access to US dollar: What to knowJun 23, 2026 at 7:03 PM · The Hill
- FAQ: What to know about Treasury Department's temporary license for Iranian oil salesJun 23, 2026 at 8:37 PM · ABC News