The United States authorized Iranian oil sales on Monday, easing decades-old sanctions as it pushes toward a final peace deal with Tehran in return for commitments on nuclear inspections and free transit through the Strait of Hormuz.

The United States has authorised the production, delivery and sale of Iranian oil marking a significant sanctions relief measure as Washington and Tehran continue negotiations…

The Treasury Department waived sanctions on Iranian oil as part of the Trump administration’s deal to end the war in the Middle East.