US to allow Iran to export oil immediately under ceasefire proposal

A senior U.S. official said Tuesday that the sanctions relief would not be unlimited.

By Vered Weiss, World Israel News

The United States plans to allow Iran to immediately resume oil and fuel exports to international markets under the emerging agreement to end the war, providing Tehran with early economic relief as part of the deal, The Wall Street Journal reported Tuesday.

The report said sanctions waivers covering Iranian oil sales are expected to take effect as soon as the agreement is signed, a step anticipated to occur on Friday.

Sources familiar with the understandings told the newspaper that Washington views the measure as an incentive for Iran to complete the agreement and move toward ending the conflict.

In addition to permitting oil and fuel exports, the agreement is expected to include exemptions from sanctions affecting banking, transportation and insurance services tied to the energy trade.

The Wall Street Journal reported that the relief package would extend beyond oil sales themselves and cover the broader infrastructure required to conduct those transactions.

Sources cited by the newspaper said the authorization would apply to financial systems, shipping services and cargo insurance needed to market Iranian oil globally.

A senior U.S. official said Tuesday that the sanctions relief would not be unlimited.

While Iran would receive immediate easing of restrictions on oil sales, future relief would depend on Tehran meeting a series of U.S. requirements.

Those conditions include issues related to reopening the Strait of Hormuz and Iran’s nuclear program, the official said.

The official also stated that Iran would not receive immediate access to billions of dollars in frozen assets held around the world.

The reported arrangement would represent a significant shift from the “maximum pressure” policy the United States has maintained toward Iran for years.

U.S. sanctions have limited Tehran’s ability to sell oil internationally and reduced state revenues.

Under the proposal, according to reports, Iran would gain immediate access to global energy markets, while broader economic benefits would remain tied to compliance with U.S. demands.