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Iran Must Return to Nuclear Deal only with Oil Credit Line

TEHRAN – A senior Iranian official confirmed on Wednesday that Tehran would no longer meet its commitment to nuclear power if its oil sales reach $15 billion over four months, as stipulated in the French project to rescue the agreement, Fars News Agency reported Wednesday.
France has proposed to offer Iran about $15 billion in credit lines by the end of the year, if Tehran fully regains compliance with its 2015 nuclear deal, a decision that depends on Washington not to block it.
“Our return to the full implementation of the nuclear agreement is subject to the receipt of $15 billion over a four-month period, otherwise the process of reducing Iran’s commitments will continue,” said the vice president Minister of Foreign Affairs, quoted Deputy Foreign Minister Abbas Araqchi.
“Either Europe has to buy oil from Iran or supply Iran with the equivalent of selling oil as a line of credit backed by Iran’s oil revenues, which in a sense, means a presale of oil,” added Araqchi.
Iran’s vital oil sales have fallen since the United States withdrew from the nuclear deal last year and imposed new sanctions on Tehran.
But Araqchi said there remains “serious disagreement on the agenda” for any future dialogue between Iran and its nuclear partners.
(Sahar News Monitoring Desk)

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