The U.S. Department of the Treasury issued a 60-day license allowing the extraction, supply, and sale of Iranian oil. This was reported by U.S. Treasury Secretary Scott Bessent on social media X, reports UNN.
Details
As Bessent wrote, "following ongoing productive negotiations in Switzerland, Iran has committed to ensuring free and open transit in the Strait of Hormuz and allowing inspectors from the International Atomic Energy Agency (IAEA) entry into its country."
As part of this agreement, the Treasury Department issued a temporary 60-day general license allowing the production, delivery, and sale of Iranian oil
Recall
Iran does not plan to open the Strait of Hormuz until compliance with the ceasefire regime in Lebanon is ensured.