en.Wedoany.com Reported - U.S. Treasury Secretary Bessent announced via social media on June 22 that, as part of the framework for negotiations between the United States and Iran, the U.S. Treasury Department has issued a 60-day general license authorizing the production, delivery, and sale of Iranian oil.

According to a notice issued the same day by the U.S. Treasury Department's Office of Foreign Assets Control, transactions involving the production, delivery, and sale of Iranian crude oil, petrochemicals, and petroleum products, previously prohibited by multiple U.S. executive orders and regulations, are now exempted until August 21, 2026. The notice also indicates that importing Iranian crude oil, petrochemicals, and petroleum products into the United States is permitted.

The United States and Iran held negotiations in Bürgenstock, Switzerland, on June 21-22 local time and reached an agreement. Iranian Foreign Minister Araghchi wrote on social media on June 22: "Exemptions for the export of oil and petrochemical products have been granted, blockades have been lifted, some assets have been unfrozen, and a major Iranian reconstruction and development plan has been initiated."

According to a memorandum of understanding recently reached between the United States and Iran, the United States has committed that, from the date of signing the memorandum until the lifting of sanctions, the U.S. Treasury Department will issue exemption licenses allowing the export of Iranian crude oil, petroleum products, and derivatives, as well as all supporting services including banking transactions, insurance, and transportation.

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