Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleA peace agreement between Donald Trump and Iran will allow Tehran to immediately resume selling its oil. This provision is considered a major concession from Washington. Sanctions waivers on Iranian oil sales, including banking, transportation, and insurance services, will take effect upon the agreement's signing later this week, providing an economic boost to Tehran. Earlier, Trump warned that 'all hell will rain down' on Iran if the regime attempts to obtain nuclear weapons. He stated the preliminary deal makes it clear Iran will not develop nuclear weapons, or face 'unbelievable consequences'. In fullIran-US war latest: Trump’s peace deal to allow Tehran to sell oil immediately if Strait of Hormuz stays openThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in