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๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Energy & Infrastructure

U.S. Considers Easing Iran Oil Sanctions for Nuclear Talks

From Hankyoreh · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Named sources Ongoing story
  • The U.S. is reportedly considering easing oil sanctions on Iran as a potential incentive for nuclear negotiations.
  • A leaked memorandum suggests that oil sales and related financial services could be permitted if Iran agrees to a deal.
  • Critics argue this is a premature concession, as Iran has not yet committed to nuclear program reductions.

The United States may be preparing to ease oil sanctions on Iran, a move reportedly aimed at bringing Tehran back to the negotiating table for nuclear talks. Foreign media, citing informed sources, reported that the U.S. is considering allowing Iran to sell its oil as part of a preliminary understanding (MOU) expected to be signed on June 19.

If the agreement is reached, sanctions on oil sales, as well as banking, transportation, and insurance services necessary for oil transactions, would be lifted. Iran's oil exports have faced a complex history of U.S. sanctions, with sales to Western countries largely blocked since 2019 following President Donald Trump's withdrawal from the Joint Comprehensive Plan of Action (JCPOA).

The leaked memorandum reportedly includes provisions for broader sanctions relief and the unfreezing of assets, contingent on future negotiations. Should Iran agree to curb its uranium enrichment and nuclear program within 60 days of the MOU signing, it would receive various concessions from the U.S.

However, the potential easing of sanctions has drawn criticism. Experts suggest that such "carrots" are necessary to encourage Iranian concessions, but some in the U.S. political sphere argue that abandoning a key bargaining chip like oil sanctions before concrete non-proliferation measures are confirmed is a mistake. The notion of offering rewards before verifying Iran's commitment to denuclearization is a point of contention.

The White House thinks this kind of carrot is necessary to elicit Iranian concessions. Otherwise, it will be very difficult to get Iran to continue negotiations.

โ€” Farzin NadimiAn Iran expert at the Washington Institute, explaining the U.S. administration's rationale for potential concessions.
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Originally published by Hankyoreh in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.