PiCK
US Proposal in Iran Talks Includes Temporary Oil-Sanctions Relief, Report Says
Summary
- The US was reported to have accepted a plan in its draft negotiations with Iran to temporarily lift oil sanctions.
- Expectations for easing tensions between the US and Iran have resurfaced, affecting international oil prices and risk-asset market volatility.
- In particular, whether tensions in the Middle East ease is being cited as a key variable for short-term investment sentiment in Bitcoin and altcoin markets.
Forecast Trend Report by Period
A new US proposal in negotiations with Iran includes a plan to temporarily lift oil sanctions during the talks, according to a report, reviving hopes for easing tensions between the two countries.
Odaily, a digital-asset news outlet, reported on May 18 that a source close to the negotiating team said the US had accepted language in a recently revised draft that would temporarily remove oil sanctions on Iran for the duration of the negotiations. The provision was not included in an earlier US draft, the report added.
Iran continues to insist that any agreement include a formal US commitment to lift all sanctions on Tehran, the report said. The US, by contrast, has proposed temporarily easing some controls on overseas assets before a final agreement is reached.
Markets are also parsing a string of recent reports on US-Iran negotiations for their potential impact on international oil prices and volatility across risk assets. Whether tensions in the Middle East ease is also being cited as a key factor for short-term sentiment in Bitcoin and altcoin markets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
