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Source: NDTV World

US Official: Iran to Immediately Sell Oil After MOU to End Conflict

A senior U.S. official has stated that Iran will be permitted to immediately begin selling oil and fuel. This decision is part of a memorandum of understanding (MOU) reached between the two sides, aimed at concluding an ongoing conflict. The agreement follows previous reports of Iran shutting a strait after U.S. and Israeli attacks on February 28.

By Fainaron·Jun 17, 2026 (an hour ago)·2 views
US Official: Iran to Immediately Sell Oil After MOU to End Conflict

A senior U.S. official has indicated that the United States will allow Iran to immediately commence selling oil and fuel. This development is linked to a memorandum of understanding (MOU) that has been established between the two parties, with the primary objective of bringing an end to an ongoing conflict.

Under the terms of this understanding, Iran is expected to be able to restart its oil and fuel exports without delay. The agreement seeks to address the broader issues that have contributed to the conflict.

Earlier reports noted that Iran had closed a strait. This closure occurred after the U.S. and Israel reportedly launched attacks on Iran on February 28. The memorandum of understanding is designed to resolve the situation and restore stability.

According to NDTV World, these details were confirmed by a senior U.S. official.

Source attribution: This article was AI-curated and rewritten by Fainaron from a piece originally published by NDTV World. Read the original at NDTV World →

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