(Bloomberg) -- The US issued a 60-day license allowing Iran to sell oil on the international market, giving Tehran an economic lifeline as the two adversaries continued talks for a permanent peace deal.

Washington has granted Iran a 60-day waiver on oil sanctions, permitting the nation to produce, export, and sell its crude until August 21. This move, part of an interim deal to…

The move allows nations importing Iranian oil and other energy products to maintain transactions for the next two months under the terms of the license. | World News