New Delhi: In the released draft text of the US-Iran agreement, the possibility of Iran getting major economic relief has been expressed. According to reports, if a final agreement is reached in the next 60 days, Iran may get access to a reconstruction fund worth about $300 billion.
Sanctions Removal Framework
Under the agreement, Iran may be allowed to resume oil exports. In the event of a final deal, the framework for removing sanctions imposed on Iran is also said to be included in the draft.
60 day negotiation window
The draft proposes to stop military operations, ensure safe passage of commercial vessels in the Strait of Hormuz and a 60-day negotiation window for the final agreement.
Political controversy over Reconstruction Fund
There is intense discussion at the international level regarding the $300 billion reconstruction fund. However, US President Donald Trump has claimed that America will not invest in this fund. In such a situation, the situation regarding the structure and contributors of the fund remains to be completely clarified before the final agreement.
Big Diplomatic Breakthrough in Middle East Crisis
This agreement is being considered a major diplomatic breakthrough in the direction of reducing the Middle East crisis. If this is implemented, it could have a major impact on Gulf shipping, oil market, sanctions policy and regional security.
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