Trump Deal Opens Resumes Iran Oil Sales Immediately

AI Summary

An agreement between the United States and Iran will allow Iran to immediately resume oil and fuel sales without waiting for inspections or certifications. This deal includes sanctions relief affecting crude exports, banking, shipping, and insurance services.

Iran won’t have to wait for inspectors, certifications, or a long diplomatic victory lap to start earning oil revenue again. Under the agreement expected to formally end the war between the United States and Iran, Tehran will be allowed to immediately resume oil and fuel sales, according to people familiar with the deal who spoke to the Wall Street Journal. The sanctions relief takes effect as soon as the agreement is signed and extends beyond crude exports to include the banking, shipping, and insurance services needed to move those barrels…