U.S. Allows Iran to Immediately Sell Oil
The U.S. will allow Iran to immediately begin selling oil and fuel under the deal to end the war, Dov Lieber, Summer Said and Alexander Ward of Wall Street Journal report, citing people familiar with the agreement. The waiver of sanctions takes effect immediately upon signing the agreement this week and also covers services including banking, transportation and insurance needed to facilitate the sales, sources told the Journal. Publicly traded companies in the oil space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Shell (SHEL) and TotalEnergies (TTE).
