Iran set to return to mainstream oil market as US temporarily waives sanctions

With 60 days of peace talks between the US and Iran, Tehran is set to re-enter the global oil market as the US temporarily lifts sanctions on Iranian oil exports. This move could significantly boost Iran's economy, allowing it to regain access to lucrative international oil markets it was cut off from for decades. The US has linked this decision to Iran's agreement to allow international inspectors to scrutinize its nuclear program, although Tehran disputes the extent of this oversight. This shift could have far-reaching implications for global oil prices and the geopolitical landscape in the Middle East.