US waives Iran oil sanctions citing progress in talks

Key Points:

• The US has waived sanctions on Iranian oil for 60 days, citing progress in talks focused on allowing nuclear inspections and ensuring safe passage through the Strait of Hormuz, with Vice President JD Vance stating a "foundation" is in place for a final deal.
• Iran has agreed to allow International Atomic Energy Agency (IAEA) inspectors back into the country, marking a significant step toward nuclear transparency, although Iran's officials described nuclear discussions as brief and without new commitments.
• Oman and Iran held "constructive discussions" regarding the Memorandum of Understanding (MoU), particularly on managing the Strait of Hormuz, emphasizing commitment to international law and toll-free safe passage.
• Israeli Prime Minister Benjamin Netanyahu confirmed Israeli troops will remain in southern Lebanon to maintain security against Hezbollah, while the US is working on a "de-escalation mechanism" to prevent further Israel-Hezbollah conflict.
• US Secretary of State Marco Rubio plans to visit Gulf states (UAE, Kuwait, Bahrain) to discuss the Iran MoU, regional security, and the implications of the $300 billion Iran reconstruction fund, amid concerns over Iran's ballistic missile program and regional stability.