(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.

The US-Iran peace deal could unlock $60 billion in annual oil revenues and a $300 billion infrastructure fund, reshaping energy markets and investor

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.