Iran will return to nuclear deal only under oil credit line
France has proposed offering Iran about $15 billion in credit lines if Tehran comes fully back into compliance with its 2015 nuclear deal
File Photo: Reuters
A senior Iranian official confirmed on Wednesday that Tehran would return to its nuclear deal commitment only if it gets $15 billion (£12.2 billion) for oil sales over four months, as stipulated in a draft French plan to salvage the accord, Iran's Fars news agency said.
France has proposed offering Iran about $15 billion in credit lines until year-end if Tehran comes fully back into compliance with its 2015 nuclear deal, a move that hinges on Washington not blocking it.
"Our return to the full implementation of the nuclear accord is subject to the receipt of $15 billion over a four-month period, otherwise the process of reducing Iran's commitments will continue," Fars quoted Deputy Foreign Minister Abbas Araqchi as saying.
Keep updated, follow The Business Standard's Google news channel
