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 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…