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

The Strange Business of Real Estate Agents and Grave Sales in Iran

The state-run Hamshahri newspaper reported on the buying and selling of graves in Iran. The report says that 460 million...

Iran’s Regime Claims Reaching Agreement with Oman, but Strait of Hormuz Will Not Be Reopened

While the Iranian regime seeks to portray its control over the Strait of Hormuz as a sign of power...

Iranian Regime Arms Shipment for Houthis Seized in the Red Sea

Forces of Yemen's internationally recognized government seized an arms shipment sent by the Iranian regime to the Houthi militants...

Iranian Regime Reports Attacks on U.S. Bases in Response to Larak Strike

Following the U.S. attack on IRGC positions on Larak Island, which killed and wounded several IRGC personnel and local...

U.S. Attacks IRGC Positions on Larak Island

Reports indicate that U.S. forces attacked two launch platforms belonging to Iran's Islamic Revolutionary Guard Corps (IRGC) on Larak...

Behind The $6 Billion Preferential Currency Allocation Scandal In Iran’s Auto Assembly Industry

News about the allocation of a large share of the automotive industry's government-supplied foreign currency to assembly companies has...

Must read

Shock, outrage over execution of 16-year-old girl in Iran

Iran Focus: News of the execution of a sixteen-year-old...

Details of draft resolution

New York Times: The draft resolution, as summarized by...

You might also likeRELATED
Recommended to you