U.S. Treasury grants temporary Iran oil license
The U.S. Department of the Treasury has issued a 60-day temporary license that permits the production and sale of Iranian oil. This decision comes amid Iran's commitment to free passage through the Strait of Hormuz and allowing International Atomic Energy Agency inspectors to enter its territory. The U.S. government reaffirmed its ongoing efforts to enhance global security and stability. Meanwhile, Iran has indicated the lifting of some oil-related sanctions and the release of frozen Iranian assets, in addition to signing a memorandum of understanding with Qatar regarding the de-freezing of these assets.
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