Iran to Receive Major Financial Relief Under U.S. Interim Deal
Iran will gain significant financial benefits through a recent interim deal with the United States, according to a draft of the agreement viewed by Bloomberg News. The deal includes Iran’s immediate right to sell oil, access to a $300 billion development fund, and eventual release of frozen assets.
The parties reached the agreement on Sunday and plan to sign it officially on Friday in Switzerland. This step will open 60 days of negotiations aimed at ending the ongoing conflict and imposing strict restrictions on Iran’s nuclear activities.
The draft shows that the U.S. Treasury Department will approve exports of Iranian crude oil, petrochemical products, and derivatives right after signing. The U.S. will also end its naval blockade, and both countries will work to restore traffic through the Strait of Hormuz to prewar levels within 30 days.
Furthermore, the deal includes a plan involving the U.S. and regional partners to support Iran’s economic development. This effort will involve financing of at least $300 billion. The draft mentions that Iran’s frozen assets will be released and fully available, though it does not specify a timeline for this.
A U.S. official declined to comment on the draft’s details but emphasized that Iran must fulfill its commitments to receive these benefits. These commitments involve refraining from developing nuclear weapons, neutralizing enriched materials, and allowing free navigation through the Strait of Hormuz.
Earlier, U.S. President Donald Trump denied that the U.S. would pay Iran $300 billion. The draft clarifies that the financing would come from the U.S. and its partners to ensure Iran’s rehabilitation.
The agreement offers Iran a combination of immediate and future incentives while committing the country not to pursue nuclear arms. Iran has consistently maintained that it does not seek an atomic bomb and has pledged not to pursue one.
The upcoming official signing will mark a crucial moment in efforts to resolve tensions in the region and to establish a stable framework for Iran’s economic and nuclear policies.
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