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‘Cold cost-benefit calculation’: Washington greenlights Tehran’s oil transactions under MoU

by | Jun 23, 2026 | JPost | 0 comments

A vendor pumps petrol from Iranian fuel oil tankers for resale near the Bashmagh border crossing on March 11, 2026.  (photo credit: Ozan KOSE / AFP via Getty Images)
Washington has issued a 60-day license allowing Iran to resume oil transactions, a step linked to diplomatic talks and already impacting global crude prices.