A 60-day US sanctions waiver gives Iran temporary room to resume oil exports and clear a backlog of cargoes already on the water. The development could increase near-term oil supply and pressure regional pricing, while peace talks continue in the background. The move is constructive for Tehran in the short run but remains highly contingent on the broader diplomatic process.
A 60-day US sanctions waiver gives Iran temporary room to resume oil exports and clear a backlog of cargoes already on the water. The development could increase near-term oil supply and pressure regional pricing, while peace talks continue in the background. The move is constructive for Tehran in the short run but remains highly contingent on the broader diplomatic process.
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mildly positive
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