US permits Iranian oil sales during talks

The U.S. Department of the Treasury has issued a temporary license lasting 60 days, allowing the production, delivery, and sale of Iranian oil, including petrochemical and petroleum products, until August 21. This is part of a provisional agreement with Iran aimed at facilitating oil transactions during ongoing negotiations between the two sides. The license comes after Iran's pledge to ensure free passage through the Strait of Hormuz, in addition to the International Atomic Energy Agency inspectors entering the country, as well as agreed-upon exemptions for importing Iranian oil into the United States to enable necessary commercial operations.

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