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Iran and the United States have completed a draft agreement on temporarily easing sanctions on Iranian oil exports, a negotiating team member confirmed Sunday. The accord comes under the Islamabad Memorandum, signed by Presidents Pezeshkian and Trump.
The United States has imposed sanctions on Nobitex, Iran's biggest cryptocurrency exchange, for allegedly facilitating transactions worth hundreds of millions of dollars for Iran's central bank and Islamic Revolutionary Guard Corps.
Washington has sanctioned Iran's Persian Gulf Strait Authority, alleging it extorts shipping companies through illegitimate toll collection benefiting the IRGC military force.
President Trump has rejected any prospect of easing sanctions against Iran unless a comprehensive peace agreement is concluded. Negotiations are progressing but Trump insists he remains unhurried about completing talks.