Right to sell oil, $300bn fund, access to frozen assets: Key financial gains for Iran from peace deal | Today’s news

The United States and Iran are set to sign a peace deal in Switzerland on Friday to end a war that has rocked global energy markets for more than three months. While details of the deal have yet to be released, a Bloomberg report shared a list of key financial gains the US is offering Tehran as part of its deal.

Under the final draft of the deal, Tehran is to receive broad financial incentives as part of its deal, including the right to immediately sell oil, use a $300 billion development fund and possibly gain access to its frozen assets.

While details of the memorandum of understanding (MoU) have been circulating for several days, the latest version reviewed by Bloomberg News provides the clearest picture yet of the economic benefits Iran could receive in exchange for ending disruptions to traffic through the Strait of Hormuz and reaffirming its commitment not to pursue nuclear weapons.

This is a developing story. Further details were awaited.