BREAKING: Scott Bessent announces temp license allowing Iran to sell oil after agreed upon framework

by The Right Scoop

Treasury Secretary Scott Bessent just announced that the US Treasury is granting a temporary license allowing Iran to produce, sell and deliver oil.

He did this after Iran agreed to keep the Strait of Hormuz free and open as part of a new framework.

Here’s what he wrote:

Under President @realDonaldTrump and @VP, we continue to make the world safer and more prosperous.

In line with the ongoing productive talks in Switzerland, Iran has committed to free and open transit in the Strait of Hormuz and to permit International Atomic Energy Agency (IAEA) inspectors into their country.

As part of the framework, Treasury has issued a temporary 60-day general license authorizing the production, delivery, and sale of Iranian oil.

 
This framework as agreed upon this weekend and Axios reporter Barack Ravid reports on the new framework:

In a joint statement at the end of the Lake Lucerne summit, the mediators – Qatar and Pakistan – said “encouraging progress has been made” during the 18 hours of negotiations.

👍👎The mediators said the U.S. and Iran agreed to establish a High Level Committee, which will provide political oversight to the negotiation in addition to working groups focused on nuclear, sanctions, and a monitoring and dispute resolution group.

🗺️Qatar and Pakistan said the U.S. and Iran agreed on ‘a roadmap” for reaching a final deal within 60 days..

🚢The parties agreed to establish a “communication line” regarding the situation in the strait of Hormuz that will operate as long as negotiations continue, in order “to avoid incidents and miscommunication with the aim of safe passage for commercial vessels through the Strait of Hormuz”, the mediators said in the statement.

🇱🇧The U.S. and Iran also agreed to create a “de-confliction cell” together with Lebanon and the mediators “to ensure the adherence of the termination of military operations in Lebanon”

The problem with this new ‘de-confliction cell’ is that it may not include Israel:

I agree, if Israel is not included that is a big problem. After all, they are the party being attacked by Hezbollah. They deserve a seat at that table. It’s not good enough for the US to represent Israel, they need to be there.


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