The Trump administration this week signaled progress in its negotiations with Iran over reopening the Strait of Hormuz and reforming its nuclear program by rolling back longstanding sanctions on Iranian oil exports. Under a 60-day license issued by the Treasury Department on Monday, Iran can now sell oil in U.S. dollars, allowing dollar-denominated trade on...
The Trump administration this week signaled progress in its negotiations with Iran over reopening the Strait of Hormuz and reforming its nuclear program by rolling back longstanding sanctions on Iranian oil exports. Under a 60-day license issued by the Treasury Department on Monday, Iran can now sell oil in U.S. dollars, allowing dollar-denominated trade on...
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