Report: Iran allowed to export
Photo: Vahid Salemi/AP/TT

Report: Iran allowed to export crude oil

Sanctions on Iran's crude oil exports are to be eased. This is said to be part of a deal between Iran and the US aimed at reaching a peace agreement. Oil prices fell further after the information became public.

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The Wall Street Journal reported on Tuesday that U.S. sanctions targeting Iran's oil exports will be partially lifted.

Neither the United States nor Iran has commented in detail on the deal to be signed in Switzerland on Friday.

Sanctions targeting Iran's transportation sector and economic transactions will also be reduced in scope, according to the newspaper. The decision on oil sanctions would be implemented immediately and would provide a financial boost to Iran.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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