How Trump’s peace deal will allow Iran to start selling oil immediately

WorldPolitics
17 Jun 2026 • 12:58 AM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

How Trump’s peace deal will allow Iran to start selling oil immediately

  • A peace agreement between Donald Trump and Iran will allow Tehran to immediately resume selling its oil.
  • This provision is considered a major concession from Washington.
  • Sanctions waivers on Iranian oil sales, including banking, transportation, and insurance services, will take effect upon the agreement's signing later this week, providing an economic boost to Tehran.
  • Earlier, Trump warned that 'all hell will rain down' on Iran if the regime attempts to obtain nuclear weapons.
  • He stated the preliminary deal makes it clear Iran will not develop nuclear weapons, or face 'unbelievable consequences'.

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