Tasnim News Agency reported that the administration of U.S. President Donald Trump has accepted a temporary easing of sanctions on Iranian oil exports during the ongoing negotiation period.
According to the report, the proposed framework includes a temporary waiver from restrictions imposed by the U.S. Office of Foreign Assets Control (OFAC), allowing certain Iranian oil exports to continue until a final agreement is reached.
The development comes amid rising geopolitical tensions in the Middle East, as global energy markets closely monitor any changes that could impact oil supply flows and pricing dynamics.
The news also contributed to easing oil prices after recent sharp gains, with analysts expecting that any sanctions relief could increase global crude supply in the market