Information: Iran allowed to export crude oil

TT

Published 18.31

 

An oil refinery south of Iran's capital Tehran. The picture was taken before the war broke out between the US and Iran. Archive photo. Photo: Vahid Salemi/AP/TT

Sanctions against Iran's crude oil exports are to be eased. This is said to be part of the deal between Iran and the US in the attempts to reach a peace agreement.

The oil price fell further when the information became known.

The American financial newspaper Wall Street Journal stated on Tuesday that the US's targeted sanctions against Iran's oil exports will be partially lifted.

Neither the US nor Iran have commented in detail on the deal to be signed in Switzerland on Friday.

Sanctions targeting Iran's transportation industry and economic transactions are also to be reduced in scope, according to the newspaper. The decision on oil sanctions is to be implemented immediately and would mean a financial boost for Iran.