This comes from the Iranian camp, according to Tasnim News Agency. The report says that the United States agreed to propose a temporary exemption from Iranian oil sanctions during the negotiations, provided that this will be managed through a temporary exemption from the Office of Foreign Assets Control until a final agreement is reached between the two sides.
Iran is trying to push for the lifting of all sanctions, but so far, the report indicates that the United States is only willing to go so far.
S&P 500 futures briefly erased their losses but are now back down 0.2% on the day. At the same time, we also see the dollar losing some strength while oil prices decline. WTI (July contract) is now down 0.2% to $100.85 on the day but fell to a low of $100.16 moments ago. It was trading around $102.30 levels before the headlines came out.
