Iran and US Finalise Draft on Easing Oil Export Sanctions

Tehran (ANTARA) - Iran and the United States have finalised a draft for the temporary easing of sanctions on Iranian oil exports during negotiations in Switzerland, according to Iranian negotiating team member Hossein Ghorbanzadeh.

“The technical discussions concluded with the completion of a draft regarding the temporary easing of sanctions imposed on Iranian oil exports,” he stated, as quoted by the semi-official Tasnim news agency.

Ghorbanzadeh explained that the negotiations in Switzerland included not only the primary discussions but also separate technical meetings to address various technical issues.

He added that the Iranian delegation also discussed the unfreezing of Iranian assets during a meeting with the Qatari delegation.

According to Tasnim reports, Ghorbanzadeh also noted that other provisions in the memorandum reached in Islamabad will not take effect until a final resolution is achieved to end the war in Lebanon.

On 14 June, Iran and the US announced they had reached a 14-point understanding through Pakistani mediation to end the war and resolve disputes through dialogue and negotiation.

The Memorandum of Understanding (MoU) came into effect on 18 June after being electronically signed by Iranian President Masoud Pezeshkian and US President Donald Trump.

The provisions include a cessation of hostilities across all fronts, including Lebanon, the reopening of the Strait of Hormuz, and the lifting of the US naval blockade against Iran.