Trump Lifts Sanctions: Iran Can Trade Oil in Dollars Again
For the first time since 1979, the gates are open for Iran to sell oil using the greenback, and it is every bit as chaotic as it sounds.
The U.S. Treasury just dropped a 60-day waiver that basically lets Iran sell its crude and petrochemicals for U.S. dollars. It is the first time this has happened in nearly half a century. Donald Trump claims this is all about humanitarian aid—specifically, Iran buying up American corn, wheat, and soybeans—but the whole situation feels like a fever dream.
The administration says this is part of a deal to ensure Iran keeps its nukes in check, even though the other side is already publicly denying JD Vance's claims about letting inspectors back in. The money is stuck in a U.S.-controlled escrow account, so it is not like they are getting a blank check, but the sight of Iran trading oil for dollars is definitely going to ruffle some feathers in Washington.
Diplomacy is officially stranger than fiction.
Source: UPI
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