Sequencing of JCPOA compliance remains complicated Platts Analytics sees US sanctions relief by September Iran oil output expected to return to capacity next year While oil traders appeared ready June 10 to accept an instantaneous end to US sanctions on Iran’s oil sector, analysts expect the Biden administration to take several weeks or months to actually remove them after the two countries agree to rejoin the 2015 nuclear deal. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Crude oil futures sank briefly June 10 as traders misinterpreted a routine Treasury Department announcement that removed sanctions from a single Iranian official. Some traders instead thought the announcement was lifting broad US sanctions on Iran’s oil sector, which would have carried major impacts for global oil supply. A State Department spokesman later clarified that there was “no connection” between the removal of sanctions on the former […]