The US Treasury has issued a 60-day license waiving sanctions on Iranian oil as part of the <a href="https://www.mid-day.com/news/world-news/article/us-iran-truce-talks-begin-in-switzerland-amid-push-for-west-asia-stability-23636226" rel="nofollow">interim agreement to end Iran war.</a>
The license authorises the production, delivery and sale of Iranian oil. It will last through August 21.
The license emerged Monday as US Vice President JD Vance said his lengthy talks with senior Iranian officials in Switzerland created a "good foundation for a successful final deal." Negotiators are seeking a permanent end to the war that the US and Israel began in late February.
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West Asia conflict: US Treasury has issued a 60-day licence temporarily waiving sanctions on Iranian oil as part of an interim agreement aimed at ending war

West Asia conflict: US Treasury issues 60-day sanctions waiver for Iranian oil under interim agreement to end war

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The move comes as negotiations between US and Iranian officials continue in Switzerland, with US VP JD Vance saying the talks had created a "good foundation" for a final agreement to secure a lasting end to the conflict

US Treasury issues 60-day sanctions waiver for Iranian oil under interim deal

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