The United States announced a General Licence X that permits the sale and delivery of Iranian oil, effectively waiving oil sanctions on Iran. This waiver was confirmed across multiple opposed news blocs.

Accounts differ on the status of the waiver. Gulf‑region outlets reported that the United States revoked a sanctions waiver that had authorized the sale of Iranian oil, while outlets from the Middle East, India and Western sources reported that the United States issued the waiver.

Al Arabiya reported that the United States revoked a sanctions waiver that authorized the sale of Iranian oil, citing Iran's repeated attacks on tankers in the Strait of Hormuz as the reason. The outlet also quoted a U.S. official who said the memorandum of understanding with Iran is performance‑based, that Iran will only reap benefits if it exhibits good behavior, described Iran’s attacks as wholly unacceptable, and warned that the attacks will be met with consequences. The same source said U.S. negotiators continue to work in good faith toward a final deal.

Al Jazeera reported that Iranian tankers exited the U.S. blockade zone and that Iran exported its first oil in two months.

Al‑Monitor noted that sanctions, trade embargoes and asset freezes have been imposed by the United Nations, the United States, the European Union and other countries for decades over Iran's nuclear programme, rights record and support for groups, and that Iran hopes to gain further sanctions relief through talks on its nuclear programme as the next phase of the interim deal unfolds.

The Times of India reported that the easing could roll back a sanctions regime built over more than a decade to isolate Iran economically and curb its nuclear ambitions, and that the move could allow Tehran to expand sales to a wider pool of buyers after years of relying largely on discounted shipments through opaque trading networks, primarily to independent refiners in China.

Thenationalnews.com reported that May was the weakest month for exports since the peak of the U.S. maximum‑pressure policy in 2020, and that Iran's oil flows recovered in June, running at 565,000 barrels per day through June 23, a 72 % rebound from the month before.