The United States will allow Iran to immediately begin selling oil and fuel under their latest deal aimed at ending the war, according to The Wall Street Journal.
From latest reports, it has been determined that sanctions waivers on oil sales would take effect immediately upon signing the agreement.
The relief also covers essential services such as banking, transportation, and insurance required to facilitate exports.
Iran is expected to receive upfront sanctions relief, with additional easing tied to its compliance and performance.
Oil prices fell sharply following the reports. At the time of press, oil was down in the $71-77 range, comprising WTI, Brent and UAE crude metrics.
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