U.S. Treasury issues 60-day license for Iran to sell oil
The U.S. Treasury Department on Monday issued a 60-day license allowing Iran to export and sell its oil, fulfilling one of the provisions in the memorandum of understanding signed between Washington and Tehran.
TL;DR
- U.S. Treasury Department issued a 60-day license for Iran.
- The license permits Iran to export and sell its oil.
- This is a provision of a memorandum of understanding between Washington and Tehran.