finance
U.S.-Iran Agreement Ends War and Restores Iranian Oil Sales
A new agreement ending the war between the United States and Iran permits Tehran to resume oil and fuel exports without delay. Sanctions relief covers banking, shipping, and insurance services as soon as the deal is signed.
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Under an 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.
Sanctions relief extends beyond crude exports to include banking, shipping, and insurance services needed to move those barrels to market.
Oil sanctions are only effective if buyers cannot pay, tankers cannot ship, and insurers will not touch the cargo, the reporting noted. Iran holds some of the world's largest oil and gas reserves and was producing well over 3 million barrels per day before the conflict. Much of that production has remained constrained by sanctions, infrastructure limitations, and wartime disruptions.
The agreement is dated June 16, 2026. com reported.
U.S. Policy after years of tightening restrictions on Iran's energy sector. The Trump administration appears prepared to use oil revenues as a financial incentive to secure a lasting end to the conflict, the reporting stated. com reported.
