US Treasury Lifts Iran Sanctions as Nuclear Deal Hopes Gain Momentum

The US Treasury has lifted certain sanctions on Iran in a move that signals growing momentum towards a renewed nuclear deal.

This decision removes economic restrictions that had been in place since the US withdrawal from the Joint Comprehensive Plan of Action (JCPOA) in 2018. The action is seen as a confidence-building measure ahead of resumed negotiations, allowing certain Iranian entities and individuals to resume transactions with US and international banks.

The lifted sanctions appear to be targeted at non-nuclear sectors such as technology, pharmaceuticals, and humanitarian goods. However, core sanctions on Iran's oil exports and central bank remain in place for now.