The US Treasury issued a 60-day general license on Monday authorizing countries to buy Iranian oil — the most tangible concession yet under the US-Iran Memorandum of Understanding that halted a devastating three-month war. Iran secures a massive economic lifeline in exchange for promises on Hormuz transit and IAEA access. The war cost US taxpayers an estimated $200 billion, and critics argue Tehran emerged stronger than before the fighting began.

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