The new general license covering crude oil and refined and petchem products essentially aligns with the MOU negotiating period as Washington and Tehran chase a more permanent 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.

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