The yet-to-be seen US-Iran deal will allow Tehran to restart its oil business, providing a financial lifeline to the regime, The Post has learned.
The US will issue sanctions waivers for Iran to begin selling oil during the 60-day negotiation period, which is set to begin after the Friday signing ceremony of the secretive memorandum of understanding, a source familiar with agreement said.
Paired with Washington’s pledge to remove its blockade on Iranian ports, the move is expected to bring immediate cash flow into the Islamic Republic’s decimated economy.
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The agreement will also cover “necessary services including banking, transportation and insurance needed to facilitate the sales,” the Wall Street Journal reported Tuesday.
Asked for comment on the report, a senior US official said every incentive in the MOU is “performance-based.”
“This is a performance-based agreement,” the senior official said. “Iran can only access any benefits of the MOU if they abide by all of the points they agreed to – including no nuclear weapon, neutralizing its enriched material, and not interfering with the free flow of navigation in the Strait of Hormuz.”
