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In March 2026, the U.S. Treasury Department issued a temporary 30-day sanctions waiver specifically for Iranian crude oil and petroleum products already loaded on tankers at sea. The waiver, which allowed the sale of approximately 140 million barrels of oil, was a short-term measure intended to increase global supply, ease pressure on energy prices, and cushion the U.S. economy during the ongoing conflict with Iran. This provided Iran with a revenue boost or "windfall" of up to 14 billion
The Obama administration transferred $1.7 billion in cash to Iran in 2016 to settle a decades-old financial dispute dating back to the 1979 Iranian revolution.
No Secretary of State has ever funneled uranium to Iran.This misconception stems from a conflation of two separate political controversies:The Uranium One Deal: In 2010, the U.S. government—including the State Department under then-Secretary Hillary Clinton—approved the sale of a Canadian mining company, Uranium One, to Russia's state atomic energy agency, Rosatom. This gave Russia control over uranium mining assets in the U.S. The uranium remained under strict regulatory control and was not shipped to Iran.The 2015 Iran Nuclear Deal (JCPOA): Negotiated during the Obama administration with then-Secretary of State John Kerry, this agreement actually required Iran to ship more than \(11\) tonnes of its low-enriched uranium stockpile out of the country (primarily to Russia) to limit its nuclear capabilities
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China visit.
