TEHRAN, July 1 (HS/RIA Novosti) - Iran, the United States, and Lebanon will create a joint committee to ensure Lebanon's national sovereignty, Iranian parliament Speaker Mohammad Bagher Ghalibaf said.

A joint committee of Iran, the US, and Lebanon will be created to ensure Lebanon's national sovereignty. The Iranian ambassador [to Lebanon] will be our representative to this committee, Ghalibaf said on Tuesday.

At the same time, he noted that the US license for Iran's oil sales will be renewed if negotiations are extended.

This license must be extended until the negotiations, if extended, lead to a final outcome, which will be the lifting of both primary and secondary sanctions against Iran, Ghalibaf added.

Ghalibaf said that the parties have not yet moved on to discussing a final agreement, as not all provisions of the memorandum have been implemented.

The US Treasury Department's Office of Foreign Assets Control (OFAC) issued a general license on Monday authorizing operations related to the production, sale, delivery and unloading of Iranian oil, petrochemical products and petroleum products until August 21.

Overnight into June 18, Iran and the United States remotely signed the memorandum that provides for an end to the military conflict that began on February 28. The document also sets timelines for the US to lift its naval blockade of Iranian ports and for Iran to restore shipping in the Strait of Hormuz.

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Hindusthan Samachar / Indrani Sarkar