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Washington to grant immediate oil export exemptions
Bloomberg confirmed that the American-Iranian memorandum includes Washington's promise to issue immediate waivers for Iranian crude oil exports, petrochemical products, and their derivatives upon signing the agreement. Iran, in turn, has committed not to develop nuclear weapons. At the same time, the report noted that reaching the agreement would help facilitate the release of Iranian funds and assets that are currently frozen, as part of the progress made in the negotiations.
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