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Vance Says Treasury Can Waive Iran Oil Sanctions Without Congressional Approval

The administration points to a 14-point memorandum of understanding with Tehran as the basis for temporary sanctions relief.

⚡ The Bottom Line

The administration plans to formally brief Congress "very soon" and says it has already conducted informal briefings with members over the past week. Vance said timing depends on congressional scheduling. Legal experts are divided on whether temporary sanctions waivers fall within executive authority or require legislative approval under the Iran Nuclear Agreement Review Act. The constitutional...

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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, citing a 14-point memorandum of understanding (MOU) signed with Tehran.

The Iran Nuclear Agreement Review Act currently prevents the president from lifting sanctions on Iran before consulting Congress. Under the MOU, the Treasury Department would issue waivers for the export of Iranian crude oil, petroleum products and derivatives upon signing.

What the Left Is Saying

Democratic lawmakers and progressive critics have raised concerns about what they describe as executive overreach. Representative Raja Krishnamoorthi of Illinois, a senior member of the House Foreign Affairs Committee, has previously argued that major sanctions policy changes require congressional debate.

"The American people deserve a voice in significant foreign policy decisions," Krishnamoorthi said in prior committee remarks. "Sanctions on Iran represent some of our most consequential economic tools."

Some Democrats have also pointed to the original 2015 nuclear deal, which required extensive congressional input and was subject to months of hearings and debate before implementation.

"Bypassing Congress on Iran sanctions sets a dangerous precedent," said Senator Tim Kaine of Virginia. "Regardless of one's view on the Iran deal, the legislative branch must play its constitutional role in foreign policy."

What the Right Is Saying

Administration officials have defended the move as legally sound and strategically necessary. Vance told reporters that certain sanctions tools fall within executive authority.

"There are certain things that require congressional approval," he said. "There are certain things that don't require congressional approval. We feel quite confident that we can temporarily lift those sanctions without going to Congress."

Conservative supporters of the administration argue the existing sanctions regime had become ineffective at constraining Iranian oil exports, making targeted waivers a pragmatic approach.

"The blockade is what's effective," Vance said during Thursday's briefing. "We didn't see that as a major concession to the Iranians, frankly. The Iranians didn't see that as a concession to them, because what prevented them from selling oil was not the sanctions."

What the Numbers Show

According to administration officials, Iranian crude oil exports have continued despite comprehensive sanctions regimes implemented over the past decade.

The Treasury Department's Office of Foreign Assets Control has administered multiple rounds of Iran-related sanctions since 2012, targeting oil sector revenue, banking access and designated entities. The State Department reported in its annual terrorism sponsorship assessment that Iran continues to derive significant revenue from energy exports through alternative trade channels.

The Congressional Budget Office has previously estimated that multilateral sanctions coordination significantly impacts Iranian oil revenue, though precise figures on current export volumes remain classified.

The Bottom Line

The administration plans to formally brief Congress "very soon" and says it has already conducted informal briefings with members over the past week. Vance said timing depends on congressional scheduling.

Legal experts are divided on whether temporary sanctions waivers fall within executive authority or require legislative approval under the Iran Nuclear Agreement Review Act. The constitutional question could ultimately be tested in court if lawmakers challenge the administration's interpretation.

The MOU represents a significant shift in U.S. Iran policy, and both chambers of Congress are expected to hold hearings on the agreement as details emerge.

📰 Full Coverage: This Story

  1. Vance Says Treasury Can Waive Iran Oil Sanctions Without Congressional Approval Thursday, June 18, 2026
  2. Residents Return to War-Ravaged Southern Lebanon With Hope and Sorrow After U.S.-Iran Deal Friday, June 19, 2026
  3. Republican Lawmakers Raise Concerns About U.S.-Iran Agreement Talks Near Final Stage Friday, June 19, 2026
  4. Five Key Issues in US-Iran Nuclear Talks as 60-Day Clock Begins Friday, June 19, 2026

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