Iran couldbegin invoicing its oil sales in US dollars under ongoing negotiations withWashington, US Treasury Secretary Scott Bessent said on Wednesday.
Bessent alsopointed to Venezuela, saying it “is going to be invoicing in dollars” afteryears of sanctions prevented transactions in the US currency and forceddiscounted oil sales to China. “The dollar is going to be the centerpiece oftheir trade,” he said.
On Monday,the US Treasury issued a 60-day exemption allowing Iran to produce and sellcrude oil, petrochemical, and petroleum products in dollars through Aug. 21,while previously sanctioned vessels and entities were cleared for relatedtransactions.
Iranianofficials, however, rejected suggestions that Washington or its partners woulddictate how the assets are spent, maintaining that any agricultural purchaseswould depend on price and quality rather than US-imposed conditions.
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