A senior U.S. official stated on Tuesday that Washington will permit Iran to immediately commence selling oil and fuel once a memorandum of understanding (MOU) between the two nations is finalized.
The provision to waive sanctions on Iranian oil exports will become effective upon the agreement's signing this week. This waiver also encompasses essential services, including banking, transportation, and insurance, to facilitate these sales, according to the source.
The U.S. official emphasized that the agreement is conditional. "This is a performance-based agreement," the individual commented, speaking on the condition of anonymity. "Iran can only access any benefits of the MOU if they abide by all of the points they agreed to – including no nuclear weapon, neutralizing its enriched material, and not interfering with the free flow of navigation in the Strait of Hormuz.”
