What Could Go Wrong? Biden Reverses Sanctions On Iranian Oil Companies Ahead Of Nuclear Deal Talks

As nuclear deal talks between the United States and Iran appear set to resume, the Biden administration is nixing sanctions against Iranian oil companies.

The announcement from the Biden administration follows negotiations to revive the Joint Comprehensive Plan of Action — the Iranian nuclear deal proposed in 2015 by President Obama. Indeed, the Biden administration hinted in April that it would be willing to roll back sanctions “inconsistent with the JCPOA.”