international
Iran after the war — fragile peace, shattered economy
Key takeaways
- The US has temporarily allowed Iran to export oil and indicated it will provide billions to relieve the crisis triggered by the war.
- The sanctions relief is a central pillar of the peace framework that the two sides signed last week.
- At the same time, the US and Qatar are looking into the release of around $6 billion (around €5.3 billion) from frozen Iranian oil revenues.
Why this matters: an international story with cross-border implications worth tracking.
The US has temporarily allowed Iran to export oil and indicated it will provide billions to relieve the crisis triggered by the war. With ordinary Iranians at their limit, however, Tehran already fears new protests.
https://p.dw.com/p/5Fyjr Grocery prices continue to rise in Iran and experts fear more inflation is coming Image: Morteza Nikoubazl/Nur Photo/picture alliance Advertisement As Washington and Tehran negotiate the implementation of an interim peace deal that ended the Iran war, the US has lifted restrictions on Iranian oil trade until August 21.
The sanctions relief is a central pillar of the peace framework that the two sides signed last week.
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