WSJ: The United States will allow Iran to immediately resume oil export sales

BlockBeats News, June 16, according to The Wall Street Journal, sources familiar with the matter said that under the agreement, the United States will allow Iran to immediately resume the sale of oil and fuel exports, providing Tehran with an early payout economic incentive to help de-escalate the conflict.

The provisions in the agreement concerning exemptions from sanctions on oil sales will take effect immediately after the agreement is signed this week. At the same time, necessary services that support oil sales, such as banking, transportation, and insurance, will also be exempted to ensure the relevant transactions can proceed smoothly. The “United Against Nuclear Iran” (UANI) said a supertanker carrying Iranian crude oil has left Chabahar Port, crossed the U.S. blockade lines, and on Tuesday, with the vessel’s positioning system activated, sailed out of the Gulf of Oman. This is the first time such a situation has occurred since the U.S. implemented the maritime blockade this April.

A senior U.S. official said on Tuesday that although Iran will receive a pre-emptive sanctions waiver for oil sales, long-term and sustained sanctions relief will depend on whether Iran fulfills U.S. demands, including opening the strait and addressing issues related to its nuclear program. The official added that Iran still will not immediately gain access to the tens of billions of dollars in funds frozen abroad.