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Washington authorizes Iranian oil sales
The United States has issued a temporary license allowing the sale of Iranian oil until August 21, as part of its efforts to reach a final agreement with Iran regarding the nuclear issue and the passage of ships through the Strait of Hormuz. This comes concurrently with talks taking place in Switzerland between the two sides. The move follows years of U.S. sanctions imposed on Iran since 1979, with ongoing understandings regarding Iran's movement through the strait and limited exemptions covering banking transactions and transportation. The current negotiations are notable for significant progress, with Washington and Tehran showing encouraging advancement on the core issues.
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