Iran Economy NewsU.S. expected to keep oil embargo even if Iran...

U.S. expected to keep oil embargo even if Iran nuclear deal struck

-

Reuters: A unilateral U.S. oil embargo on Iran is expected to remain in place even if a long-term nuclear agreement between Tehran and six world powers is reached that includes an easing of international sanctions, a U.S. official said on Thursday.

 

By Louis Charbonneau

VIENNA (Reuters) – A unilateral U.S. oil embargo on Iran is expected to remain in place even if a long-term nuclear agreement between Tehran and six world powers is reached that includes an easing of international sanctions, a U.S. official said on Thursday.

The embargo pre-dates the decade-long nuclear dispute with Iran. Washington cut off diplomatic ties with Tehran during a hostage crisis shortly following the 1979 Islamic Revolution and began imposing sanctions around the same time.

“The American domestic oil embargo is expected to remain in place even if a comprehensive agreement is reached,” the U.S. official told Reuters on condition of anonymity.

Western diplomats say U.S. companies would be unhappy about being left out if European Union and U.N. sanctions are lifted, allowing non-U.S. firms to resume business with the Islamic Republic. Iranian officials say they would have no problem with American oil companies returning to Iran.

The U.S. official spoke after Iran and the six powers – Britain, China, France, Germany, Russia and the United States – agreed on an agenda and schedule for talks aimed at ending the dispute over Tehran’s nuclear ambitions.

Earlier, a senior U.S. official said the United States would like to see sanctions lifted, but that cannot happen until an agreement on Iran’s nuclear project is reached. Another U.S. official said those remarks referred only to sanctions imposed after the dispute over the nuclear program broke out in 2002.

(Additional reporting by Fredrik Dahl and Parisa Hafezi; Editing by Larry King)

Latest news

Iran in A Bottleneck Over Restoring Infrastructure After Ceasefire

A few weeks after heavy U.S. and Israeli attacks, and under the shadow of a fragile ceasefire, Iran is...

U.S.–Iranian Regime Talks in Uncertainty

On the second day of the ceasefire between the United States and Iran's regime, with continued transit restrictions in...

The Execution Machine of Iran’s Regime Runs Without Pause

Less than three weeks after the start of U.S. and Israeli attacks on Iran, a wave of executions of...

Political Prisoner Maryam Akbari Monfared Released from Prison After 17 Years

Maryam Akbari Monfared, a political prisoner, was released after serving 17 years in prison, even though under the Iranian...

Iran War Tensions Escalate as US Deadline Approaches

Donald Trump has once again warned Iran’s regime and called for a resolution to the conflict. He said he...

The Head of the Iranian Regime’s Judiciary Called for Accelerating and Increasing Death Sentences

On Tuesday, April 7, Gholamhossein Mohseni Ejei, the head of the Iranian regime’s judiciary, called for accelerating and increasing...

Must read

Iranians ‘stage new anti-British rally’

AFP: Iranians in Tehran staged a fresh anti-British demonstration...

Why Iran Apologists Demonize the MEK?

By Jubin Katiraie The U.S. Senate voted almost unanimously...

You might also likeRELATED
Recommended to you