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Iran will be allowed to sell oil immediately under Trump’s new MOU – report

by | Jun 16, 2026 | JPost | 0 comments

An oil tanker docked at the Port of Fujairah, as the US-Israel conflict with Iran limits marine traffic in the Strait of Hormuz, in Fujairah, United Arab Emirates, May 6, 2026. (photo credit: Amr Alfiky/Reuters)
According to the Journal’s report, the same provision allows for Iran to utilize banking, transportation, and insurance services to facilitate the sales.