An Oil Tanker is seen off the Port of Bandar Abbas

An Oil Tanker is seen off the Port of Bandar Abbas

Atta Kenare/AFP via Getty Images

An oil tanker is seen off the port of Bandar Abbas, southern Iran. As part of the deal, the European Union will lift a ban on insurance for tankers transporting Iranian oil, making it easier for the Persian Gulf nation’s six remaining customers to take delivery.