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Iran Claims Biden Admin Prepared to Cancel Major U.S. Sanctions

Iranian government report says U.S. will lift sanctions on banks, oil trade, other sectors

The Biden administration is prepared to lift American sanctions on Iran, including on its oil trade and banks, providing the hardline regime with a lifeline as its economy teeters on the brink of collapse, according to an Iranian government report outlining the status of negotiations with the United States.

Sanctions are the key sticking point in talks between Iran and the United States in Vienna, as diplomats from both countries work to finalize an agreement that would see the Biden administration rejoin the 2015 nuclear accord.

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