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The Economic Times

Global Business / The Economic Times

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US-Iran deal allows Tehran to immediately sell oil: Report

America will permit Iran to start selling oil and fuel immediately. This follows a memorandum of understanding to end a war. Sanctions on Iranian oil sales will be waived. This waiver also includes banking, transportation, and insurance services. These provisions take effect once the agreement is signed this week.

16 Jun 2026 9:38 pm