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Treasury Department Issues Temporary License for Iranian Oil Sales

The Treasury Department has issued a temporary 60-day license permitting the sale of Iranian oil, lifting standard restrictions. This decision is associated with ongoing negotiations in Switzerland, where Iran has committed to maintaining free transit in the Strait of Hormuz.

Our neutral summary

The Treasury Department has issued a temporary 60-day license permitting the sale of Iranian oil, lifting standard restrictions. This decision is associated with ongoing negotiations in Switzerland, where Iran has committed to maintaining free transit in the Strait of Hormuz.

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Original Headline

Treasury issues temporary license for Iranian oil sales

Neutral Headline

Treasury Department Issues Temporary License for Iranian Oil Sales