An Iranian official said on Wednesday the United States plans to lift all sanctions on Iran’s oil and shipping industries and delist some members of Supreme Leader Ayatollah Ali Khamenei's inner circle as part of efforts to restore the landmark nuclear agreement.
"An agreement has been reached to remove all insurance, oil and shipping sanctions that were imposed by Trump," said Mahmoud Vaezi, chief of staff to outgoing Iranian President Hassan Rouhani.
"About 1,040 Trump-era sanctions will be lifted under the agreement. It was also agreed to lift some sanctions on individuals and members of the supreme leader's inner circle," Vaezi said, according to state media cited by Reuters.
The Biden administration has said it is willing to lift certain sanctions on Iran in exchange for Tehran resuming compliance with the nuclear accord, known formally as the Joint Comprehensive Plan of Action (JCPOA). Since former President Donald Trump abandoned the deal in 2018 and reimposed harsh economic sanctions, Tehran has ramped up its nuclear activities in violation of the deal.
AL-MONITOR All-Access gives you unlimited access to all our journalism, the full Daily Briefing, exclusive interviews, premium newsletters, and live events — for less than $2/week.