OBBUERGEN, Switzerland (AP) — The U.S. Treasury has issued a 60-day license waiving sanctions on Iranian oil as part of the interim agreement to end Iran war.

The license authorizes the production, delivery and sale of Iranian oil. It will last through Aug. 21.

The license emerged Monday as U.S. Vice President JD Vance said his lengthy talks with senior Iranian officials in Switzerland created a “good foundation for a successful final deal.” Negotiators are seeking a permanent end to the war that the U.S. and Israel began in late February.