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International Business Times
International Business Times
Business
Demian Bio

Iran Allowed To Immediately Sell Oil After Signing Deal With U.S.: Report

The memorandum of understanding between the U.S. and Iran allows Tehran to immediately start selling oil, according to a new report. (Credit: Getty Images)

The memorandum of understanding between the U.S. and Iran allows Tehran to immediately start selling oil, according to a new report.

The Wall Street Journal detailed that the agreement to waive sanctions on Iranian oil sales also covers related services, including banking, transportation and insurance to facilitate them. It will go into effect once it is signed.

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