U.S.-Iran deal allows Tehran to immediately sell oil, WSJ reports
Sanctions waivers will cover banking, transport and insurance services, while Tehran remains barred from immediate access to billions in frozen funds.
- The Wall Street Journal reported Tuesday that a proposed US-Iran MoU allows Tehran to immediately resume selling oil and fuel upon signing, with provisions enabling banking, transportation, and insurance services to facilitate transactions.
- President Donald Trump announced the electronic signing of this agreement on Sunday, which facilitates an extended pause in fighting and lifts blockades in the Strait of Hormuz, opening negotiations regarding Iran's nuclear program.
- An Iranian supertanker left Chabahar port Tuesday, crossing into the Gulf of Oman according to United Against Nuclear Iran, while Israel requested the text of the agreement from Washington but was denied.
- Tehran will not receive immediate access to frozen funds, though the Memorandum envisions potential access to $100 billion in assets and a $300 billion reconstruction fund if Iran dismantles its nuclear program.
- Analysts suggest Washington likely conceded oil exports to secure Hormuz access, while the agreement reportedly faces signing in Switzerland on Friday as the Mehr News Agency continues pushing propaganda regarding the unpublished text.
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35 Articles
US Set to Offer Iran Broad Financial Gains in Peace Deal
(Bloomberg) — Iran is set to receive broad financial incentives as part of its agreement with the US, including the right to sell oil immediately, tap a $300 billion development fund and get eventual access to its frozen assets, according to a near-final draft of the deal.
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WHAT’S HAPPENING TODAY: Good afternoon and happy Tuesday, readers! Defending World Cup champions Argentina has their first match today against Algeria, with Lionel Messi cementing his record with the most games played at the World Cup. Who do you think will win tonight’s match? Off the pitch, oil prices extended their decline today as we inch closer to the formal signing of the ceasefire deal between the U.S. and Iran. New details have come to …
The United States has given Iran permission to begin selling oil and fuel immediately after the signing of the peace deal. The countries have agreed on this, insiders told The Wall Street Journal.
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