US waives Iran oil sanctions as part of 60-day peace negotiations

The US has temporarily lifted sanctions on Iranian oil exports as part of a 60-day peace negotiation window with Iran, potentially allowing Tehran to re-enter global energy markets. This move has already impacted oil prices, suggesting a shift in the global supply dynamics. While this development is significant for international relations and energy markets, it's also overshadowed by major tech sector changes, including Oracle's significant job cuts due to AI restructuring and a broader technology stock sell-off affecting markets worldwide.