US Treasury waives sanctions on Iranian oil as part of interim agreement to end war

Obburgen (Switzerland) (AP): The US Treasury has issued a 60-day license waiving sanctions on Iranian oil as part of the interim agreement to end Iran war.

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.