US issues Iran-related general licence for oil sales (opens original article in a new tab)

The US issued a general licence allowing the production, delivery, and sale of Iranian oil and petrochemical products until August 21, following an agreement with Iran that includes waivers for crude exports and associated services.

• US issues general licence for Iran oil sales until August 21
• Licence allows import of Iranian oil products to US when necessary
• Agreement includes US waivers for export of Iranian crude and associated services