Iran Seeks Restoration of Nuclear Deal Waivers for Revenue

Iran could generate between $60 billion and $70 billion annually in revenue from crude oil and other petroleum liquids at current prices if it resumes pre-war export volumes.

The estimate assumes a return to export levels that existed before recent disruptions. At prevailing market rates, that volume would produce the cited range in yearly earnings.

Proposed waivers tied to a memorandum of understanding would permit Iran to bring the revenue back into the country. The arrangement would involve physical transfer of cash rather than electronic transfers.