US issues Iran-related general license for oil sales
The US Treasury Department issued a general license allowing the production and sale of Iranian crude oil and petrochemical products until August 21, under a US-Iran agreement.
- Country:
- United States
The U.S. Treasury Department issued a general license for Iran on Monday thatauthorized the production, delivery and sale of crude oil and petrochemical and petroleum products of Iranian-origin through August 21.
Under the memorandum of understanding signed last week between Washington and Tehran, the United States agreed to issue waivers for the export of Iranian crude oil, petroleum products, and derivatives, and all associated services, including banking transactions, insurances, and transportation. Transactions authorized in Monday's general license include importation of Iranian-origin crude oil, petrochemical and petroleum products to the United States.
It does not authorize transactions involving North Korea or Cuba.
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