WSJ Says US-Iran Deal Includes Immediate Approval for Iranian Oil Sales
Summary
- The Wall Street Journal reported that the U.S.-Iran agreement would allow immediate oil sales by Iran.
- The resumption of oil exports is described as a key provision for economic normalization in Iran and for boosting foreign-currency inflows.
- Markets are watching whether a resumption of Iranian crude supply could lead to an increase in global oil supply.
Forecast Trend Report by Period
The Wall Street Journal reported that a U.S.-Iran agreement includes a provision allowing Iran to sell oil immediately.
The newspaper reported on June 16 that the deal between Washington and Tehran includes steps to resume Iranian oil exports and permit sales.
Under the agreement, Iran would be able to sell crude on international markets immediately after the deal is signed, the report said. It described the measure as a key provision aimed at normalizing Iran's economy and increasing foreign-currency inflows.
The U.S. and Iran had earlier completed the signing of a memorandum of understanding, and the U.S. government said it would release detailed terms of the agreement within the next 24 to 48 hours.
Still, President Donald Trump has said there will be no sanctions relief until Iran does what it is required to do. It remains unclear whether permission for oil sales would amount to an immediate broad easing of sanctions.
Markets are watching whether a resumption of Iranian crude supply would increase global oil supply.
Meanwhile, neither side has released the full text of the final agreement.
JH Kim
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