Iranian Media Said US Offered Interim Waiver on Oil Sanctions

US Tells Iran ‘Clock Is Ticking’ as Peace Progress Stalls

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By Eltaf Najafizada

May 18, 2026 at 7:37 AM UTC

Updated on

May 18, 2026 at 12:13 PM UTC

An Iranian media outlet reported that the US proposed a temporary waiver of sanctions on the Islamic Republic’s oil, a key demand by Tehran to agree to a peace deal and reopen the Strait of Hormuz.

The US hasn’t confirmed offering a waiver, which would be in place until a final agreement is achieved, Iran’s semi-official Tasnim news agency reported, citing a source close to the negotiation team.