The United States is expected to grant Iran an exemption from sanctions on the sale of oil and fuel immediately upon the signing of the agreement to end the war, the Wall Street Journal reported today (Tuesday), citing sources familiar with the understandings between the sides.
According to the report, the clause dealing with relief for Iranian oil exports will take effect immediately once the agreement is signed, which is expected to happen later this week. The move is intended to provide Tehran with an initial economic incentive as part of efforts to reduce tensions and bring the war to an end.
Sources familiar with the matter noted that Iran will be able to immediately begin selling oil and fuel on international markets after years of restrictions and sanctions imposed on it.
A senior American official clarified that the initial relief is not unlimited. According to the official, continued waivers and sanctions relief will depend on Iran meeting a series of US demands, including reopening the Strait of Hormuz and making progress on issues related to its nuclear program.... Read More: Arutz-7