How did US sanctions waivers affect Iran oil export prospects?

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US sanctions waivers for 60 days opened a path for Iran to sell oil and get paid
The United States waived Iran sanctions for 60 days starting Monday, giving Tehran a legal channel to sell oil and related products and to receive payment for those sales. The US Treasury also announced a waiver extending until August 21, tied to the interim economic relief steps under the peace roadmap.
Waivers allowed oil and related products to be sold and paid for
The sanction waiver until August 21 specifically allows Iran to sell oil and related products and receive payment for them. This matters for export prospects because it directly removes the payment and sales barriers created by sanctions during the 60-day window.
Iranian officials said waivers were secured for oil and petrochemical exports
Iranian Foreign Minister Abbas Araqchi said on social media that Tehran had secured waivers for oil and petrochemical exports. That statement indicates the waivers were understood in Iran as covering export categories beyond oil alone, including petrochemical products.
Shipping activity through the Strait of Hormuz picked up alongside the waiver
Tanker traffic through the Strait of Hormuz started to pick up on Monday after the waiver was put in place. Oil prices resumed their slide after the markets had been shaken by the war, and they settled 3 per cent lower on Monday following Vice President JD Vance’s report of progress.
The waivers were part of a staged economic relief roadmap
The waiver was presented as the first of several steps under the agreement to provide economic relief to Iran. Alongside the sanctions lift, discussions also included mechanisms for handling assets frozen abroad and managing ceasefires, as described in the talks at the Buergenstock resort.

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How did US sanctions waivers affect Iran oil export prospects?

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