U.S. Will Waive Oil Sanctions That Have Long Crimped Iran NYT - Energy & Environment By: Rebecca F. Elliott 17 June 2026 at 21:19 The preliminary U.S.-Iran deal temporarily waives restrictions that have limited the countryβs oil sales and how much money it has been able to make from those exports. Β© Atta Kenare/Agence France-Presse β Getty ImagesAn oil facility on Kharg Island, Iran, in 2017.