Iran to resume oil sales after signing MoU with US

Iran is reportedly set to commence international oil and fuel product sales following the signing of a Memorandum of Understanding (MoU) with the United States. The agreement, which is part of a broader 14-point plan, was finalized after extensive negotiations mediated by Pakistan and Qatar. Under the terms of the MoU, the U.S. Treasury Department is expected to issue immediate waivers for Iranian oil exports, facilitating the swift resumption of trade. This development is scheduled to be formalized in Geneva on June 19, 2026, and could potentially lead to increased oil supply entering the global market as early as June 26, 2026.

Key Takeaways

• The signing of the MoU between Iran and the U.S. suggests a significant shift in geopolitical dynamics, with potential implications for global oil supply.
• Market pricing suggests participants view the resumption of Iranian oil sales as likely to exert downward pressure on WTI crude oil prices in June 2026.
• The immediate sanctions waiver is a key component, allowing for the export of Iranian crude oil and related services, which could impact market expectations.

What to Watch

Observers will be closely monitoring the formal signing of the MoU on June 19, 2026, in Geneva and the subsequent actions by the U.S. Treasury regarding sanctions waivers. The developments could influence WTI crude oil price movements, particularly if Iranian oil re-enters the market as scheduled. Additionally, compliance by Iran with obligations under the agreement will be crucial in determining the sustainability of sanctions relief and its long-term impact on oil markets.

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Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.