Iran is set to receive broad financial incentives as part of its agreement with the US, including the right to sell oil immediately, tap a $300 billion development fund and get eventual access to its frozen assets, according to a near-final draft of the deal.
While the contours of the memorandum of understanding have been circulating for days, the document, a copy of which was seen by Bloomberg News, offers the most complete accounting yet of the economic boost Iran is set to receive for ending its chokehold on the Strait of Hormuz and reiterating its commitment never to seek a nuclear weapon.
The two sides are set to formally sign the agreement on June 19 in Switzerland, paving the way for 60 days of talks to end their war for good and put strict new limits on Iran’s nuclear program. One person familiar with the matter said technical details were still being worked out, suggesting precise language could still change.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
Bloomberg Washington Correspondent Tyler Kendall.
Former Israeli Ambassador to the United States Michael Oren.
Stonecourt Capital Partner Rick Davis and Harvard Kennedy School Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino.
Bloomberg Intelligence Senior Commodities Strategist Mike McGlone.
Democratic Congresswoman Jennifer McClellan of Virginia.
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