US-Iran deal allows Tehran to immediately sell oil: Report
- Posted on June 16, 2026
- By Business News Today
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- 1 min read
US-Iran deal allows Tehran to immediately sell oil: Report
America will permit Iran to start selling oil and fuel immediately. This follows a memorandum of understanding to end a war. Sanctions on Iranian oil sales will be waived. This waiver also includes banking, transportation, and insurance services. These provisions take effect once the agreement is signed this week.