Waiver of Iran’s Oil Sanctions to Apply to Petrochemicals, Derivatives

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A possible understanding between Iran and the US will reportedly allow Tehran to sell crude oil, petrochemicals and their derivatives during the negotiation period.

Reports on the details of a possible preliminary understanding between Iran and the United States indicate that Washington will commit to waiving Iran’s oil sanctions during the negotiation period.

Such a waiver would allow Iran to sell its oil without restrictions resulting from sanctions during this timeframe.

The waiver of oil sanctions will also include petrochemicals and their derivatives.

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