U.S. Treasury grants oil sale license

The U.S. Department of the Treasury has issued a temporary license for 60 days permitting the production, export, and sale of Iranian oil, as part of efforts to reach a final agreement with Iran to end the war in the Middle East. The talks between the two sides, held in Switzerland, included Iran's commitment to ensure free passage through the Strait of Hormuz and to allow International Atomic Energy Agency inspectors to access its territory. The negotiations during this period are expected to focus on Iran's nuclear program and the lifting of sanctions.

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