U.S. President, Donald Trump, has made an announcement of achieving a great success in talks with Iran, giving hope for the end of the several months long tensions between these two nations. But even though the deal offers many possibilities, there is still quite a lot of differences in releasing Iranian funds that are blocked under the international sanctions.
As the reports say, the preliminary agreement was achieved which could become the basis for a more complete peace settlement. This agreement allegedly implies Iran’s engagement in such matters as reopening of the Strait of Hormuz discussing of Iran’s nuclear program, as well as general de-escalation of tensions in the region.
The signing of this treaty should happen at the meeting of the representatives of both countries that is going to take place in Switzerland.
One of the most critical points here concerns billions of dollars that the Iranian government wants to receive back from their foreign accounts as soon as possible. It appears that without this, the other party cannot show its good intentions towards reaching any agreement.
In contrast, the Trump administration has maintained that the lifting of sanctions and releasing of frozen assets can only take place after Iran has fulfilled its commitments as outlined in the deal proposal. In fact, just last month, President Trump emphasized his position by stating that there will be no release of any frozen assets prior to reaching a deal.
According to reports from Iranian media as well as international sources, there seems to be a draft memorandum being discussed that may entail the releasing of anywhere between $24 billion and $25 billion worth of Iranian frozen assets in addition to temporary oil-sanctions waivers as well as plans for economic cooperation in the future. It seems like US officials have stated that this would only occur after Iran performs according to expectations.
The proposed deal has reportedly outlined a 60-day period for negotiating over Iran’s nuclear program, sanctions relief, and other related topics. It seems like this negotiation period aims to transform the understanding gained thus far into an actual agreement.
It is said that the issue surrounding the frozen assets may have come up as the largest hindrance in completing the deal. Despite the announcement receiving positive reaction from various states regarding its implications on the region’s stability and supply of oil, many still believe that a lot of work needs to be done before the deal is finally made.
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The negotiations having reached a crucial stage, the coming days will determine how far the breakthrough made by Trump can go to becoming an everlasting solution or just another tentative step taken amid the US-Iran feud.
