Vance ‘confident’ Treasury can waive Iran oil sanctions without Congress

Vice President Vance said Thursday the administration is “quite confident” that sanctions on Iranian oil can be waived as part of a new peace agreement without congressional approval.

Vance was asked about the Iran Nuclear Agreement Review Act, a law that prevents the president from lifting sanctions on Iran before discussing it with Congress, as he briefed the press.

“There are certain things that require congressional approval. There are certain things that don’t require congressional approval,” he said. “We feel quite confident that we can temporarily lift those sanctions without going to Congress and seeking their approval on that.”

One part of the 14-point memorandum of understanding (MOU) says that upon its signing, the Treasury Department will issue waivers for the export of Iranian........

© The Hill