US sanctions on Iran 2026: How economic pressure works, impact on Iranian economy and civilians, humanitarian…Read analysis, timelines, and expert context.
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Iran's crude exports have traced one of the more dramatic arcs in oil markets. This week's chart maps that journey from the promise of the 2015 nuclear deal to the collapse that followed and the tentative signs of recovery now emerging in the latest data from June 2026.
The resumption of hostilities follows recent shifts in U.S. sanctions policy toward Iran, including a June 2026 memorandum of understanding (MoU) and OFAC's issuance of General License X (GL X), which temporarily authorized certain transactions involving Iranian-origin oil and petroleum products.
On July 7, 2026, OFAC revoked those authorizations through General License X1 (GL X1) and ...
Mediators from countries that include Pakistan, Qatar and Egypt have been working to resume talks, according to regional officials who spoke on condition of anonymity to discuss the sensitive diplomacy. They noted that neither side has notified Pakistan that it was officially withdrawing or terminating the initial ceasefire agreement.
Reflecting on the US-Iran Peace Agreement of 2026: Diplomacy, Coercion, and the Architecture of a Fragile Settlement Dr Mohamed Chtatou The June 2026 memorandum of understanding (MOU) between the ...