Iran media says Trump proposed oil sanctions waiver till final deal; US stock futures rebound

The United States has prosposed temporarily waiving off sanctions on Iranian oil, as per reports by Tehran's Tasnim news agency on Monday. To ramp up its pressure on Iran from the economic front, Washington had introduced restrictions on trade of Iranian oil. While primary sanctions included barring American companies from trading in Iranian oil secondary sanction threaten to penalise non-American entities, banks, and foreign governments that purchase Iranian petroleum.