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newsletterTop news on June 23, 2026
Written by: Ariba
8 min readNew DelhiJun 23, 2026 09:26 AM IST First published on: Jun 23, 2026 at 09:26 AM IST

Good morning,

In a breakthrough, the National Iranian Oil Company (NIOC) has now started reaching out to international oil companies, including Indian refiners and trading houses to resume commercial ties in a bid to restart its global oil exports, according to trade sources. This comes after the first round of talks under the terms of the memorandum of understanding (MoU) between the United States and Iran indicated progress. The MoU, inked last week, had mentioned that the US will initially issue sanctions waivers for Iranian crude and petroleum products, until it terminates its sanctions on Iranian oil and its trade. On Monday evening, the US Department of the Treasury issued a temporary 60-day waiver, allowing production, delivery, and sale of Iranian oil, petroleum products, and petrochemicals through August 21.

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