Iran Oil Exports Set to Resume Under Emerging US-Iran Deal

The US Energy Secretary Chris Wright has confirmed that Iran's oil exports are set to resume under an emerging diplomatic framework between Washington and Tehran. This move is expected to have significant implications for global energy prices and major oil-importing countries such as India.

According to Wright, Iran's return to global energy markets would be one of the immediate outcomes of the negotiations. He noted that Iranian exports had fallen sharply during President Donald Trump's first term but increased significantly during the Biden administration.

'That's all they're getting, the ability to sell their oil again,' Wright said in an interview on ABC’s 'This Week'. He added that Iran is expected to return to export levels of more than 1.5 million barrels per day, roughly matching volumes seen before the latest conflict.