BREAKING: The US will allow Iran to immediately begin selling oil and fuel under the deal to end the war, per WSJ.
Details include:
1. The provision for waivers of sanctions on oil sales takes effect immediately upon signing the agreement
2. This also covers necessary services including banking, transportation and insurance needed to facilitate the sales
3. Iran is expected to receive upfront sanctions relief under the deal with further relief tied to Iran’s performance
Oil prices are down sharply on the news.