US authorizes Iranian oil sales amid talks on final peace deal

AI Summary

The United States authorized Iranian oil sales, relaxing long-standing sanctions amid ongoing negotiations for a final peace deal with Iran. This move is aimed at securing commitments on nuclear inspections and assuring free transit through the Strait of Hormuz.

WASHINGTON, June 22 - 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.