Why the US-Iran framework keeps the sanctions architecture alive
The memorandum that the US and Iran are set to sign in Geneva on Friday to reopen the Strait of Hormuz is likely to keep the sanctions architecture governing Iranian and Russian crude alive in a different form, run through temporary waivers that Washington can extend, shorten, or revoke at will. US
AI Translated Summary:
The upcoming US-Iran memorandum aims to reopen the Strait of Hormuz while maintaining a flexible sanctions framework on Iranian and Russian oil. This approach allows the US to control the sanctions through temporary waivers, impacting regional oil dynamics.
⬅ Back home Read full article ➡