The United States has granted Iran permission to sell oil in US dollars for the first time in several decades, enabling Tehran to export crude to American buyers. According to The Wall Street Journal, the decision has already led to a decline in global oil prices. US Vice President JD Vance stated that Iranian officials have agreed to allow nuclear inspectors to return to the country this week, a move seen as a major concession by Iran.

The report added that optimism over progress in ongoing talks to end the US-Iran conflict contributed to a 3.3 percent drop in Brent crude prices, bringing them below 78 dollars per barrel. The development marks a significant shift in the long-strained economic and diplomatic relations between the two nations.

If sustained, the easing of restrictions could reshape global energy markets and signal a broader thaw in US-Iran relations, though the long-term impact remains to be seen.