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World 22 Jun 2026

U.S. to permit Iranian oil sales, easing decades-old sanctions, as peace talks continue

The United States authorized Iranian oil sales on Monday, easing decades-old sanctions as it pushes toward a final peace deal with Tehran in return for commitments on nuclear inspections and free transit through the Strait of Hormuz.

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The United States authorized Iranian oil sales on Monday, easing decades-old sanctions as it pushes toward a final peace deal with Tehran in return for commitments on nuclear inspections and free transit through the Strait of Hormuz. The United States authorized Iranian oil sales on Monday, easing decades-old sanctions as it pushes toward a final peace deal with Tehran in return for commitments on nuclear inspections and free transit through the Strait of Hormuz. The general licence, announced by the Treasury Department, allows the sale of crude oil and petrochemical and petroleum products of Iranian origin through Aug. 21. The licence says Iranian oil can be imported into the U.S. when necessary to complete its sale, delivery or offloading. The U.S. has not meaningfully imported Iranian oil since Washington imposed measures after the 1979 revolution.

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