US lifts ban on Iranian oil: America lifts ban on Iranian oil, believed to be a major earthquake in the global market
US lifts ban on Iranian oil : The game of international oil market is about to change due to the glowing wheels of global geopolitics. After a long period of intense tension in the Middle East, the ongoing talks between the US and Iran have finally started to get on line. According to reports, as per Iran’s claims, the US has completely lifted the stringent sanctions imposed on the sale of Iranian oil. After this decision, a major earthquake in the global crude oil market is considered certain.
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Let us tell you that despite a recent sharp comment by Donald Trump, despite 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.
record supply of oil
As soon as the ban was lifted, Iran became a smart player and within just a week of the ban being lifted, it has supplied bumper 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.
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