U.S. offers to waive sanctions with Iran during negotiations, report claims
A report from an Iranian news outlet claimed Monday that the U.S. had offered a temporary waiver on oil sanctions amid a fragile and open-ended ceasefire
by Summer Lane | May 18, 2026
The U.S. may have offered a break to Iran amid ongoing negotiations with the nation as a ceasefire slogs on, an Iranian media outlet has claimed.
According to a report from Tasnim News Agency, “a source close to the Iranian negotiating team told Tasnim that, unlike its previous texts, the United States has accepted in its new proposal to waive Iran’s oil sanctions during the negotiation period.”
The report also claimed that in its negotiations, Iran has “insisted that the removal of all sanctions against the country” is an end-game goal.
The alleged offer, currently unconfirmed by the White House, comes amid rising domestic gas prices in the United States – and the world – as the Strait of Hormuz, blockaded by the U.S. Navy, has remained shut for nearly 80 days.
The ongoing closure has caused an oil and energy crisis, as the Strait is responsible for the free flow of at least 20 percent of the world’s oil and a large portion of the globe’s fertilizer supply.
Patrick De Haan, the head of petroleum analysis at GasBuddy, said on Monday that he believed it would take 78 weeks, as of this moment, to recover from the supply chain crisis.
He explained, “78 WEEKS. the estimate that I continue to loosely give is that for every day of the Strait being closed, it may take a week to fully recover- we’re now at 78 days- so ~78 weeks would put us roughly at November, 2027 to see global oil inventories fully recover.”
Secretary of State Marco Rubio has suggested that gas prices will go down only when the Strait of Hormuz is reopened – which has remained the penultimate sticking point in this conflict.
“Those Straits will be open, and you will see those prices go down, and actually, I think you’re going to see a dramatic reduction in [prices] over time, because of all that pent-up oil that’s being held hostage by Iran, once that reaches the marketplace, it’ll have a very positive impact,” Rubio told NBC in a recent interview.
Photo: Adobe Stock
