Agreement could see oil sanctions lifted in stages Some 1.5 million b/d of Iranian oil exports could return Iran’s crudes compete with many OPEC+ grades Iranian nuclear deal negotiators appear close to clinching a deal, bringing the prospect of significant supplies coming on to a tightening oil market and intensified intra-OPEC+ competition. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Both sides have signaled that an agreement could come within days. Iran’s foreign ministry said Feb. 21 the negotiations had progressed considerably, with two or three remaining issues left to be resolved. “We are still waiting for the EU-US decisions but so far have seen no determination from them,” a ministry spokesman said. Reports indicate that the deal could involve a gradual lifting of sanctions in stages. The US, under former President Donald Trump, reimposed the sanctions in 2018, dealing a harsh […]