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U.S. Treasury grants 60-day Iranian oil license
The U.S. Department of the Treasury has issued a temporary license valid for 60 days, permitting the production, delivery, and sale of Iranian oil, as part of ongoing negotiations in Switzerland between the United States and Iran. The talks have focused on halting the war on various fronts, opening the Strait of Hormuz, and lifting the blockade on Iranian ports, with the expectation that they will lead to a final agreement centered on Iran's nuclear program and sanctions. These developments follow announcements that both sides are laying a solid foundation for reaching a definitive resolution.
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