Progress on Hormuz but hundreds of ships still stranded

Sanctions have been a key point of concern for the Iranians when it comes to a pathway for diplomacy. We have to keep in mind there’s been years of domestic mismanagement and international sanctions that have badly drained Iran’s economy. Having the sanctions removed on Iran is being interpreted as a victory here. Iranians now are saying success has been met in that regard. Sanctions related to the export of oil have been removed. That comes after a waiver announcement by the US office of foreign asset control that’s valid through August 21.