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As part of efforts to ease economic pressure on Iran, the U.S. Treasury announced a sanctions waiver that will remain in effect until August 21.
The waiver allows Iran to sell oil and related products and receive payments for those sales.
Meanwhile, officials said fighting in Lebanon has significantly reduced under the new agreement targeted at ending regional hostilities.
However, Israel said it will continue to maintain a security zone in southern Lebanon and take action against any threats to its soldiers and citizens.
U.S. and Israeli attacks on Iran, as well as Israeli military strikes in Lebanon, have killed thousands of people and forced millions to flee their homes.
The conflict has also affected the global economy, pushing up oil prices and creating uncertainty in financial markets. However, oil prices fell on Tuesday after dropping by about 3% the previous day.
