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Wall Street Journal: US to permit Iran oil exports
The "Wall Street Journal" reported that the United States will allow Iran, immediately after the signing of the agreement this week, to sell oil and fuel, including banking, transportation, and insurance services, as part of a memorandum of understanding to end the war between the two sides. The clause lifting sanctions on oil sales will take effect immediately, providing Tehran with early financial incentives to resolve the conflict in the region. However, the financial relief will be contingent upon Iran's performance and Washington's demands regarding the Strait of Hormuz and its nuclear program.
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