India, June 22 -- The US treasury has issued a 60-day license permitting countries to continue purchasing Iranian oil, providing temporary relief from sanctions restrictions.

The move allows nations importing Iranian oil and other energy products to maintain transactions for the next two months under the terms of the license.

The license authorises the production, delivery and sale of Iranian oil and will remain in effect through August 21.

The move came on Monday as US Vice President JD Vance said his lengthy talks with senior Iranian officials in Switzerland had created a "good foundation for a successful final deal."

Negotiators are seeking a permanent end to the US-Iran war.

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