Iran Reports Potential U.S. Sanctions Waiver on Oil Under Draft MoU
Iranian state media say a draft memorandum would see Washington lift sanctions on Iranian oil exports. The initial phase would also release part of Iran's frozen funds.
middleeasteye.netIran's Tasnim News Agency reported that a potential memorandum of understanding between Iran and the U.S. would include a waiver of sanctions on Iranian oil. The same agency said the initial phase of any agreement would release part of Iran's frozen funds.
Tasnim framed the sanctions waiver as part of a broader draft understanding still under discussion. No U.S. government statement on the reported talks has been issued.
The outlet added that an early step under the potential MoU would involve the release of a portion of previously frozen Iranian funds. Further phases or conditions were not specified in the reporting. No timeline for any final agreement was provided.
Key Facts
Potential Impact
- 01
Any final agreement could alter the supply of Iranian crude on global markets.
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