By our correspondent
ISLAMABAD: The United States Treasury Department has issued a temporary 60-day licence allowing the export and sale of Iranian crude oil and petrochemical products, a move that comes amid ongoing technical level talks between Washington and Tehran in Switzerland.
According to the authorisation, Iran has been granted a limited window to continue the shipment and sale of crude oil and related petroleum products under regulated conditions. The temporary arrangement has been described as part of a broader diplomatic track aimed at easing tensions and managing energy related restrictions while negotiations continue.Officials familiar with the development said the licence also covers a wider set of financial and logistical services linked to the trade.
These include insurance coverage, banking transactions and transport related facilitation required for the movement of oil and petrochemical goods.The arrangement is being seen as a controlled easing of restrictions rather than a full lifting of sanctions, with mechanisms in place to monitor how transactions are conducted and to ensure compliance with international regulatory frameworks.
The decision comes at a sensitive moment in US Iran relations, with both sides engaged in technical discussions in Switzerland. These talks are reported to focus on economic and energy related understandings, alongside broader political and security concerns.Earlier, reports suggested that both countries had also reached a preliminary understanding through a memorandum of cooperation facilitated with Pakistan’s mediation.
Under that framework, Washington had reportedly agreed in principle to consider limited exemptions for Iranian crude oil and petroleum exports.The latest licence is expected to provide a structured channel for limited trade activity while diplomatic engagement continues. Analysts say such short term arrangements are often used to maintain market stability and prevent sudden disruptions in global oil supply chains.For Pakistan, observers believe the development could carry indirect implications, particularly if eased Iranian oil flows lead to more stable regional energy prices or improved cross border trade conditions.
Pakistan has long expressed interest in expanded energy cooperation with Iran, including potential import arrangements and regional pipeline discussions, though most of these remain subject to international sanctions regimes.
The US Treasury authorisation also signals that financial channels such as banking support and shipping logistics may be cautiously reopened for specified transactions, offering a limited but structured pathway for energy trade during the negotiation period.
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