Iran Deal Text: US Commits to Waivers for Oil, Petrochemical Exports
According to the text of the Iran nuclear agreement, the US has committed to issuing waivers for Iranian oil, petrochemical and derivative exports immediately after signing, lasting until sanctions are fully lifted.
The text of the Iran nuclear agreement reportedly states that the United States commits to issuing waivers for Iranian oil, petrochemical and derivative exports, as well as all linked services, immediately after the signing of the agreement. These waivers will remain in effect until sanctions are fully lifted.
This provision would allow Iran to resume exports of oil and petrochemicals, which had been restricted under sanctions, potentially increasing global supply and easing previous restrictions. The commitment is outlined in the MOU (Memorandum of Understanding) text, as reported by a source.
Source: First Squawk