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LiveUS waives Iran sanctions after talks

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Vance said talks with Iranian officials had laid a good foundation for a final peace deal.

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Edited by Fatimah Mujibah, Sherlyn Sim

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Published: Feb 28, 2026

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116)\",\"description\":\"\",\"coverageStartTime\":\"2026-06-23T06:00:00+08:00\",\"coverageEndTime\":\"2026-06-23T23:59:00+08:00\",\"publisher\":{\"@type\":\"Organization\",\"name\":\"The Straits Times\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\\/\\/www.straitstimes.com\\/assets\\/ST-logo-default-aoeSLh4S.png\",\"width\":\"1228\",\"height\":\"96\"}},\"liveBlogUpdate\":[{\"@type\":\"BlogPosting\",\"headline\":\"The situation so far\",\"datePublished\":\"2026-06-23T07:22:25+08:00\",\"dateModified\":\"2026-06-23T07:22:25+08:00\",\"articleBody\":\"The US temporarily suspended sanctions on Iranian oil on June 22 after Vice-President J.D. Vance said Iran would allow UN nuclear inspectors to return to the country, following talks in Switzerland.Last week, Tehran and Washington signed a memorandum of understanding laying the groundwork for the negotiations, after nearly 40 days of fighting that were followed by a shaky ceasefire.\\u201cWe laid a very good foundation for a successful final deal,\\u201d Vance told reporters at Switzerland\\u2019s luxury Burgenstock resort, adding that \\u201cthe final deal is the house... We haven\\u2019t built the house, but we\\u2019ve laid a successful foundation to get to a good place for the American people\\u201d.Separately, the US Treasury said it was temporarily lifting sanctions on Iran to allow it to produce, sell and deliver crude oil and related products through Aug 21.US Treasury Secretary Scott Bessent cited Tehran\\u2019s commitment to \\u201cfree and open transit\\u201d in the Strait of Hormuz and permission for International Atomic Energy Agency (IAEA) inspectors to enter their country as a reason for pausing the sanctions.Here are other developments:US President Donald Trump on Monday said \\u201cI will do what I have to do\\u201d if Iran does not end up sticking to the deal made last week.American allies of Trump this week defended him to an Israeli public anxious about a US interim deal with Iran and White House criticism that together appeared to signal fissures in Israel's decades-old alliance with Washington.For the first time in almost four decades, US fuelmakers will have the option to buy crude from Iran, after the US Treasury issued a waiver on Iranian oil under the terms of an interim peace deal.PHOTO: REUTERS\",\"publisher\":{\"@type\":\"Organization\",\"name\":\"The Straits Times\"},\"author\":{\"@type\":\"Person\",\"name\":\"fatimah\"}}]}","keywords","Iran, Israel, US, attack, war, Donald Trump, Ayatollah Ali Khamenei, Middle East, missiles, strikes, Iran news, live coverage, flight cancellations, Singapore, Singaporeans Middle East, live updates, latest, Iran news, Hezbollah, Lebanon, Kuwait, Bahrain, Qatar, Oman, UAE, Dubai, Abu Dhabi, Saudi Arabia, Dubai flights, gold, dollar, flights, oil, petrol prices, Trump live, Trump speech today, Trump address, blockade","robots","index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1","gaData",{"_429":430,"_431":21,"_432":21,"_20":433,"_434":435,"_436":437,"_438":439},"level2","23","chapter1","chapter2","Live:_Iranian_negotiators_walk_out_of_US_talks_after_Trump_threat","title_ga","Live: Iranian negotiators walk out of US talks after Trump threat","pagination","1","contenttype","live blog","additionalVariants","dependentPaths",[],"actionData","errors"]