US 60-Day Oil Waiver for Iran: Up to $3.06 Billion in Possible FX Revenue Through August 21, 2026

The US Treasury's General License X, issued June 22, 2026, allows Iran to sell crude oil, petrochemical and petroleum products for US dollars, for the first time in over four decades, through August 21, 2026. Newsweek's analysis puts the potential revenue at up to $3.06 billion over the 60-day window.

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