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The governor of the Iranian Central Bank states that OFAC must publish an exemption allowing the sale of Iranian oil without the costs of sanctions. This announcement, resulting from talks between Iran and the United States in Switzerland, can reduce discounts, bank risks and transportation costs. But its effect will depend on the actual publication of the American text, its duration and its interpretation by international banks.
The governor of the Iranian Central Bank states that OFAC must publish an exemption allowing the sale of Iranian oil without the costs of sanctions. This announcement, resulting from talks between Iran and the United States in Switzerland, can reduce discounts, bank risks and transportation costs. But its effect will depend on the actual publication of the American text, its duration and its interpretation by international banks.
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