XOM - Biden restores sanctions relief to Iran's atomic program

The White House's Secretary of State Blinken signed several sanctions waivers related to Iran's "civilian" nuclear activities Friday. The olive branch was intended to entice Iran to return to compliance with Obama's 2015 Iranian nuclear deal. The move Friday lifts sanctions threats against foreign countries and companies cooperating with non-military parts of Iran's nuclear program. (NYSEARCA:USO) (NYSE:XOM) (NYSE:CVX) (NYSE:SHEL) (NYSE:BP) (NYSE:EOG) (NYSE:VLO) (NYSEARCA:XLE) With prices at the pump reaching $5.00 in parts of the US, it appears the White House is leaning on the State Department to get a deal done, as Iranian barrels could provide relief at the pump during an election year.

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Biden restores sanctions relief to Iran's atomic program