Desk. The big news of this time is coming out from global geopolitics and international oil market. After a long period of high tension, the behind-the-scenes talks between the US and Iran have finally borne fruit. According to Iran’s claims, America has completely lifted the stringent sanctions imposed on the sale of Iranian oil. After this decision, it is believed that there will be a major earthquake in the global crude oil market, which can change the oil game of the entire world forever.
Let us tell you that recently, angry over a sharp comment by Donald Trump, the top delegates of Iran suddenly left the negotiating table. It seemed that now the talks between the two countries would come to a complete standstill. But, despite this huge tension and walkout, the technical teams of both the countries continued to talk through back-channel. The result of this is that a big MOU has been signed between the two countries, which has surprised the whole world.
As soon as the sanctions were lifted, Iran has returned to the oil market quite aggressively. According to the claim made by Iran, within just a week of the ban being lifted, it has supplied a bumper supply of 36 million barrels of crude oil to different parts of the world. Not only this, another big consignment of 36 million barrels of oil is still on the way, which is going to reach the global market soon.
After this agreement with America, not only the sale of oil has started, but the economic blockade of Iran has also ended. Iran’s accounts in global banks, which were frozen for a long time, have been completely restored. After this MoU, a huge amount of money locked in Iran’s accounts has been returned, which has given a new lease of life to Iran’s faltering economy.
The biggest and strategic part of this entire agreement is regarding the Strait of Hormuz. America and Iran will jointly create a new system to ensure the safe movement of merchant ships through this most sensitive and main oil supply route of the world. With the creation of this new system, attacks and collisions on ships in the Strait of Hormuz will be completely curbed.
Comments are closed.