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US permits Iranian oil sales temporarily
The United States has issued a temporary license allowing Iran to sell a portion of its oil exports, including crude oil and petrochemical products, for 60 days until August 21, as part of a peace agreement aimed at ending the war with Tehran. This move is considered a shift after years of strict economic sanctions and permits Iran to once again inject oil into the global market, thereby boosting energy supplies to counter disruptions in the Strait of Hormuz. Some countries are expected to welcome the initiative, despite internal criticisms within America.
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