For the first time, the US allows Iran to sell oil in US dollars.

The U.S. has given Iran the green light to sell oil in US dollars, including to American customers, marking a policy reversal.

The US announced on June 22nd a large-scale sanctions waiver for Iran's energy sector, allowing Tehran to sell oil in US dollars, including to American customers, according to the Wall Street Journal.

This move marks one of the most far-reaching shifts in U.S. policy toward Iran since the 1979 Islamic Revolution, and comes after the two countries recently signed a memorandum of agreement.

US Treasury Secretary Scott Bessent said the measure was part of the administration's efforts to enforce the agreement while negotiations toward a more comprehensive solution continued.

Under the waiver issued by the US Treasury Department , Iran will be allowed to produce, sell, and transport crude oil, petroleum products, and petrochemicals until August 21, while negotiations continue.

The US has given Iran the green light to sell oil in US dollars. Photo: Reuters.

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This decision also allows payments in USD and permits the import of Iranian oil and petroleum products into the United States.

The U.S. Treasury Department said the waivers cover shipping, insurance, ship management, ship registration, and other services necessary to support oil transactions. The department also suspended restrictions under various sanctions mechanisms that have hampered Iran's energy exports for decades.

Oil exports remain a cornerstone of the Iranian economy and a crucial source of government revenue.

Iranian officials described the move as evidence that the talks were yielding concrete economic benefits.

Hamid Hosseini, spokesman for the Iranian oil exporters' association, said that European traders have begun contacting him to buy Iranian oil following the US waiver decision. However, no American company has yet contacted Tehran.

Washington's move comes after US Vice President JD Vance said Tehran had agreed to allow inspectors from the International Atomic Energy Agency (IAEA) to return to Iran – a claim Iran has denied.

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Source: https://znews.vn/my-lan-dau-de-iran-ban-dau-bang-usd-post1662392.html