This is coming from the Iranian camp, as reported by Tasnim News agency. THe report says that the US has agreed to propose a temporary waiver of Iran oil sanctions during negotiations, with this set to be administered via a temporary OFAC exemption until a final agreement is reached between both sides.
Iran is trying to push for all sanctions to be removed but so far, the report suggests that the US is only willing to go this far.
S&P 500 futures briefly erased losses but is now back down by 0.2% on the day. Meanwhile, we are also seeing the dollar lose a bit of ground while oil prices are being knocked lower. WTI crude (July contract) is now down 0.2% to $100.85 on the day but fell to as low as $100.16 moments ago. It was trading around $102.30 levels before the headlines came about.
