BlockBeats News, May 18th, according to Iran's Tasnim News Agency, a source close to the negotiating team stated that the United States has accepted lifting sanctions on Iran's oil in its new text. In a departure from previous positions, the U.S. has agreed in the new text to temporarily waive sanctions on Iran's oil during the negotiations. Temporary waiver implies a provisional lifting of sanctions.

Iran insists that the lifting of all sanctions on Iran must be part of the U.S. commitment. The U.S. has proposed suspending the relevant sanctions from the U.S. Treasury Department's Office of Foreign Assets Control until a final understanding is reached.