The United States will allow Iran to begin selling oil and fuel immediately after a memorandum of understanding tied to ending the war is signed this week, a senior U.S. official says. Multiple reports describe the arrangement as a sanctions-aviation waiver that takes effect upon signature and is designed to enable oil exports and related transactions. The waiver is reported to cover not only oil sales but also supporting services such as banking, transportation, and insurance that facilitate shipments.

One outlet also reports the agreement operates on performance-based conditions, linking access to benefits to Iran’s compliance with agreed points, including nuclear-related commitments such as not seeking a nuclear weapon and neutralizing enriched material, as well as obligations related to not interfering with navigation in the Strait of Hormuz.

Other reports note that Iranian tankers are seen exiting a U.S. blockade zone ahead of upcoming peace talks, aligning with the reported change in U.S. sanctions posture. Another report says the authorization involves a temporary window for production, delivery, and sale of Iranian oil and includes references to inspection-related requirements, while also noting potential implications for U.S. imports under specified conditions.