Washington says the 60-day license follows Iran’s commitments on Strait of Hormuz transit and IAEA inspections, as talks continue in Switzerland toward a final deal

US-Iran MOU lifts oil export sanctions, ends naval blockade, and opens a 60-day window for a comprehensive deal including a $300B reconstruction fund.

Iran's Foreign Minister Abbas Araghchi says U.S. will lift blockade of Strait of Hormuz after talks in Switzerland.