- Trump says Iran accepts inspections as Tehran, would allow the sale of Iranian oil and petrochemical products under a temporary sanctions waiver running until Aug. 21
Iran’s top negotiator Mohammad Bagher Ghalibaf said on Tuesday that Tehran had reached an agreement with the United States to secure the release of $12 billion in frozen Iranian funds, following a U.S. decision to temporarily ease sanctions on Iranian oil and petrochemical exports.
The announcement comes after Washington said it would allow the sale of Iranian oil and petrochemical products under a temporary sanctions waiver running until Aug. 21, a move that could provide Tehran with additional economic relief amid ongoing negotiations between the two countries.
U.S. President Donald Trump said Iran had agreed to permit international inspections of its nuclear facilities as part of the understandings reached between the two sides.
Trump also said any Iranian assets released under the agreement would be used to purchase U.S. agricultural products.
Iranian officials have not publicly detailed the terms of the arrangement or confirmed the conditions cited by Trump.
The developments mark the latest step in efforts by Washington and Tehran to reduce tensions after years of disputes over Iran’s nuclear program, regional activities and U.S. sanctions.
