regulation Geopolitical riskMarkets & trade Safety4Sea
FacebookTwitterEmailLinkedin Iranian oil exports are resuming following a U.S.–Iran deal reached in mid-June, aimed at pausing their recent conflict and reopening the Strait of Hormuz. Under the deal, the U.S. will immediately allow Iran to resume oil and fuel exports, Reuters reports. The sanctions relief also covers related services such as banking, shipping, and insurance needed to facilitate oil sales. However, the arrangement is conditional and performance-based: Iran must comply with commitments including not pursuing nuclear weapons, neutralizing its enriched nuclear material, and ensuring freedom of navigation through the Strait of Hormuz. RelatedNews Mine clearance efforts could delay Hormuz traffic resumption Trump says Strait of Hormuz traffic resumes as industry uncertainty lingers var jnews_module_21375865_0_6a326d227ea24 = {"header_icon":"","first_title":"Related","second_title":"News","url":"","header_type":"heading_8","header_background":"","header_secondary_background":"","header_text_color":"","header_line_color":"","header_accent_color":"","header_filter_category":"","header_filter_author":"","header_filter_tag":"","header_filter_cpt_post_tag":"","header_filter_cpt_tribe_events_cat":"","header_filter_cpt_web_story_category":"","header_filter_cpt_web_story_tag":"","header_filter_text":"All","sticky_post":false,"sticky_post_filter":false,"post_type":"post","content_type":"all","sponsor":false,"number_post":"2","post_offset":0,"unique_content":"unique1","include_post":"","included_only":false,"exclude_post":"21375865","include_category":"","exclude_category":"","include_author":"","include_tag":"4346,2929,1763,131","exclude_tag":"","exclude_visited_post":false,"post_tag":"","tribe_events_cat":"","web_story_category":"","web_story_tag":"","sort_by":"latest","show_date":"","date_format":"default","date_format_custom":"Y\/m\/d","pagination_mode":"disable","pagination_nextprev_showtext":"","pagination_number_post":"2","pagination_scroll_limit":0,"ads_typ
Iranian oil exports resume following deal with US
Safety4Sea
Read full article at Safety4Sea →
Opens Safety4Sea in a new tab