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Trump Deal Resumes Iran Oil Sales Immediately

An agreement between the United States and Iran allows Tehran to immediately resume oil and fuel sales upon signing, with sanctions relief effective immediately. The relief extends to crude exports and supporting services including banking, shipping, and insurance.

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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…

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