RoydadNaft –  The U.S. ‌Treasury Department issued a general license for Iran on Monday that authorized 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.