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News alert: U.S. lifts Iran oil sanctions
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Iranian crude can flow again — for 60 days.
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U.S. clears the way
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The U.S. Treasury Department issued a general license Monday authorizing the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products through Aug. 21, honoring a pledge from last week's U.S.-Iran peace memorandum. Treasury Secretary
Scott Bessent said Tehran has pledged unobstructed passage through the Strait of Hormuz and agreed to welcome IAEA nuclear inspectors back into the country. The waiver opens the door to broader sanctions relief as both sides continue negotiations toward a final deal within the same 60-day window.
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<img alt="Tom Fisk / Pexels" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252Fpexels-tomfisk-9475971.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODIxMzk2NTIuMjM4MjcwOH0:1wbfvw:oBB2kE7iXO6_OnVrnK8mZ9Rz3fWdP8ioonlU68xDqRc" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
</td>
<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;line-height:1.4;vertical-align:top;color:#000000;mso-line-height-rule:exactly">
<div>
<strong style="color:#105C8E">
<a data-linktext="Global oil supply could far outpace demand by late 2027." data-linktype="Normal" style="color:#105C8E" target="_blank">
Global oil supply could far outpace demand by late 2027.
</a>
</strong>
The International Energy Agency says the reopening of the Strait of Hormuz will cause a rebound in output that will eventually flood
the market. But inventories are still forecast to fall sharply in 2026 and could first reach historic lows.
</div>
</td>
</tr>
<tr style="background-color:#EFEFEF">
<td class="td100" colspan="6" height="24" style="background-color:#EFEFEF;width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#000000">
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<a aria-label="Tom Williams / Getty Images" style="color:#168DD9" target="_blank" title="Tom Williams / Getty Images">
<img alt="Tom Williams / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2281441639.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODIxMzk2NTIuMjM4NDM3N30:1wbfvw:TugEFTPeDBqKacQBPll-_Q5yw-X1N-SuCrYQ4ZP7z1k" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
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<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;line-height:1.4;vertical-align:top;color:#000000;mso-line-height-rule:exactly">
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<strong style="color: var(--blue-cta-default)">
<a data-linktext="Sanders wants Americans to have a 50% stake in AI companies." data-linktype="Normal" style="color:#105C8E" target="_blank">
Sanders wants Americans to have a 50% stake in AI companies.
</a>
</strong>
Sen. Bernie Sanders introduced a bill that would force large AI firms to hand over half their shares to a new federally managed fund worth roughly $7 trillion. Every American
would get more than $1,000 a year in annual dividends.
</div>
</td>
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<a aria-label="Mark Felix / Getty Images" style="color:#168DD9" target="_blank" title="Mark Felix / Getty Images">
<img alt="Mark Felix / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2263283541.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODIxMzk2NTIuMjM4NTk3NH0:1wbfvw:HvRgA7l3s9S_rxFbLI3np0dIVCsOpr7RORurMvMVpiQ" style="width:200px;max-height:338px;vertical-align:middle;border:0" width="200"/>
</a>
</td>
<td class="editor-cell-text td100" colspan="4" style="background-color:#EFEFEF;padding:10px;font-size:15px;font-family:Arial,Helvetica,sans-serif;width:66.6667%;line-height:1.4;vertical-align:top;color:#000000;mso-line-height-rule:exactly">
<div>
<strong style="color:#105C8E">
<a data-linktext="Amazon is planning
to sell its AI chips to outside data centers." data-linktype="Normal" style="color:#105C8E" target="_blank">
Amazon is planning to sell its AI chips to outside data centers.
</a>
</strong>
The Trainium chips were previously available only through Amazon's own cloud. Amazon's AI chief says the move could push annual chip revenue from roughly $20 billion to $50 billion. Google took a similar step with its AI chips in April.
</div>
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</a>
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PRIVACY POLICY
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3 days, 22 hours ago - alert@e.qz.com
News alert: U.S. lifts Iran oil sanctions
Iranian crude can flow again — for 60 days. View as a Web page U.S. clears the way for Iranian ...