|
Trending Topics
|
Source: https://www.nytimes.com/2026/06/18/world/middleeast/iran-deal-oil-strait-of-hormuz-nuclear.html
Iran Gets Major Economic Lifeline for Minimal Concessions in Initial Deal
(New York Times) Yeganeh Torbati - An initial agreement by the U.S. and Iran to halt their war grants Iran major economic benefits while delaying, for now, the thorniest areas of disagreement. The agreement lifts the U.S. naval blockade of Iranian ports and grants Iran waivers to begin exporting its oil even before the negotiation of a final agreement on its nuclear program. That will give Iran a critical economic lifeline. The MoU also commits the U.S. to temporarily lifting banking restrictions to help facilitate Iran's oil trade. "Broadening authorization to financial transactions would crack the core architecture of U.S. oil and financial sanctions against Iran, arguably the most powerful economic leverage the U.S. holds over this regime, absent the naval blockade," said Miad Maleki, a former U.S. Treasury official.