US allows Iran oil sales for 60 days

The United States Announced that it has allowed Iran to sell oil for 60 days, following talks between Tehran and Washington in Switzerland. During these discussions, the Treasury Secretary issued a temporary license permitting the export and sale of Iranian oil until the end of August. The talks also resulted in an agreement to allow International Atomic Energy Agency inspectors to return to Iran, with Tehran committing to ensure free passage through the Strait of Hormuz. Additionally, the U.S. Navy lifted its blockade on Iranian ports amid diplomatic developments concerning oil and nuclear activities between the two countries.

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