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US-Iran deal allows Tehran to immediately sell oil, WSJ reports

The US will allow Iran to immediately begin selling oil and fuel under the memorandum of understanding the two sides reached to end war, the Wall Street Journal reported on Tuesday, citing people familiar with the agreement.

The provision for waiving sanctions on Iranian oil sales takes effect once the agreement is signed this week and also covers services including banking, transportation and insurance to facilitate the sales, the newspaper reported the people saying.

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