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Jun 23, 2026 Major2
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US Allows Iran to Resume Oil and Fuel Sales as Part of Peace Deal to End War
The US has allowed Iran to resume oil and fuel sales as part of an agreement aimed at ending the war. This move is seen as a political win for Iran, according to energy experts. Oil markets stabilized after a previous decline following early progress in peace talks.
Quick Facts
Who
United States
What
Lifted ban on Iran selling oil and fuels
When
2026-06-23
Where
United States
- Lifted ban on Iran selling oil and fuels
- Reached agreement to end the war
- Oil prices steadied after decline
- US waiver allows limited Iranian oil sales
- Analysts discuss Iran monetizing oil and Strait of Hormuz
The United States has lifted its ban on Iran selling oil and fuels under an agreement reached to end the ongoing war, according to reports from Bloomberg. The decision marks a significant shift in US policy and is seen as a political win for Iran, according to energy experts.
Oil prices steadied on Monday after falling more than 3% in previous sessions, following early progress in peace talks. A US waiver now permits limited Iranian oil sales, providing Tehran with a crucial economic lifeline amid the conflict.
Amos Hochstein, managing partner of TWG Global and former energy advisor to President Joe Biden, commented on "Bloomberg Surveillance" that President Donald Trump has effectively handed Iran a political victory through this move. Rachel Ziemba, founder of Ziemba Insights, noted that Iran is looking to monetize its oil resources and potentially weaponize the Strait of Hormuz as negotiations evolve.
The decision aligns with a broader strategy to stabilize energy markets while pursuing diplomatic efforts to end the war. Analysts remain cautious, highlighting that Iran's ability to fully capitalize on resumed sales will depend on ongoing talks and international compliance.
Bloomberg’s Abeer Abu Omar discussed the market response on Horizons Middle East and Africa, emphasizing that crude prices have shown signs of stabilization after the initial sell-off. The coming weeks will be critical as both sides continue negotiations.
Why This Matters
This shift in US policy could significantly alter global oil supply dynamics, potentially lowering energy costs for importers. Readers should monitor how resumed Iranian exports affect oil prices and the evolving negotiations, as the Strait of Hormuz remains a critical chokepoint. Investors and policymakers in energy-intensive sectors need to assess the impact on their portfolios and strategies.
Timeline & Sources
Jun 23, 2026
WireBloomberg reports US lets Iran sell oil again as part of deal to end war
Jun 23, 2026
WireOil prices steadied following news of US waiver for Iranian oil sales
Jun 23, 2026
WireAmos Hochstein comments on Bloomberg Surveillance that Iran gained political win
Jun 23, 2026
WireRachel Ziemba discusses Iran's plans to monetize oil and weaponize Hormuz on Horizons Middle East and Africa