The Wall Street Journal reports that the US will lift sanctions on Iranian oil and fuel sales immediately upon signing the emerging agreement with Iran this week. The report adds specificity to a senior US official's earlier statement that Tehran could resume oil exports upon signing, and follows the newspaper's earlier report that the draft memorandum of understanding includes immediate oil export sanctions relief.
The Wall Street Journal reported Tuesday evening that the US will immediately lift sanctions on Iranian oil and fuel sales upon signing the agreement with Iran this week. The report sharpens the timeline and scope of sanctions relief first reported by the newspaper earlier Tuesday at 18:57 Jerusalem, which described a draft memorandum of understanding including immediate oil export sanctions relief, banking and insurance exemptions, and an Iranian tanker openly transiting the Gulf of Oman.
At 18:57 Jerusalem, a senior US official confirmed to the Journal that Iran would be able to resume oil and fuel sales immediately after signing, reinforcing the newspaper's initial report. Separately, President Donald Trump said Monday evening that details of the agreement will be published soon, and that sanctions will not be lifted until Iran complies with its obligations — a statement that appeared to set conditions distinct from the immediate relief reported by the Journal. The Journal's latest report — its third on the matter Tuesday — adds fuel sales to the scope of immediate relief, expanding on its earlier report that covered only oil export sanctions.
As The Zioneer reported on Monday, Trump confirmed the completion of a peace deal with Iran, ordering the immediate lifting of the naval blockade and reopening of the Strait of Hormuz, while Iran confirmed an end to hostilities. The Journal's latest report suggests the final agreement — expected to be signed this week — includes the immediate economic relief that markets have been pricing in since the deal's announcement, with oil prices retreating and Asian and US equity markets rallying.
The report is attributed to the newspaper's sources; the Trump administration has not yet commented specifically on the Journal's latest account of the deal's signing timeline.
5 developments
- ConfirmedU.S. and Iran reportedly near agreement on nuclear freeze, sanctions relief, and Strait of Hormuz reopening
- StrongVance details economic incentives in US-Iran MOU: sanctions relief conditional on nuclear disarmament
- StrongTrump: US and Iran close to 60-day ceasefire deal, Strait of Hormuz to reopen
- StrongWall Street rallies as Trump's Iran deal buoys markets
Source and signal
- Internal intake