The United States will reportedly allow Iran to immediately resume selling oil and fuel under a new agreement aimed at de-escalating tensions and ending the ongoing conflict, according to The Wall Street Journal.
Under the reported deal, sanctions waivers related to oil exports would take effect immediately once the agreement is signed, enabling Iran to restart energy sales without delay.
The relief package is also expected to cover key supporting sectors including banking, transportation, and insurance services required to facilitate international oil exports.
Iran is expected to receive upfront sanctions relief, with further easing linked to its compliance with the terms of the agreement and future performance benchmarks.
Following the reports, global oil prices saw a sharp decline, with benchmark crude futures falling into the $71–$77 range across WTI, Brent, and regional crude indices at the time of reporting.
