France has reportedly offered to extend a $15 billion letter of credit to Iran in exchange for the Islamic Republic’s compliance with the 2015 nuclear deal with world powers.
According to The New York Times, which cited a US official and Iranian reports, the proposed sum was aimed at salvaging the accord after US President Donald Trump withdrew from the pact last year and reimposed biting sanctions on Iran, including on its oil sector.
The $15 billion package would make up for about half of Iran’s annual oil sales, the report said, and ease some of the economic pressure on it.
On Sunday, a conservative Iranian lawmaker said French President Emmanuel Macron had proposed a $15 billion line of credit on condition Iran returns to the fold.
“Macron has proposed Iran stop its third step for now in exchange for this sum, and maybe retreat from its first and second steps to the initial situation,” said Ali Motahari, quoted late Sunday by Tasnim news agency.
CUFI calls on the UK to “End the Iran Deal”
Christians United for Israel UK is calling upon the British government to end its involvement in the Iran Nuclear Deal after “multiple breaches by the regime”.
The petition, launched as part of CUFI’s on-going Operation Mordecai campaign, accuses Iran of failing to show any evidence of reform since the deal was made in 2015 and says the Join Plan of Action (JCPOA) provides no credible solution.
It follows the International Atomic Energy Agency (IAEA) confirming that Iran has now exceeded the agreed limit on its stockpile of low-enriched uranium. The regime has also vowed to continue enrichment to “any amount we want” – moving Iran closer to a nuclear weapon. The Iranian regime has also captured a British ship and is holding its crew hostage whilst seeking further British vessels to capture.
CUFI UK Director, Des Starritt, says “The United Kingdom is ‘urgently considering next steps’ but remains one of five countries still part of the deal after the US withdrew and imposed new sanctions.”
“The UK must choose to stop supporting the aggressive terrorist funding Iranian regime and make a stand in solidarity with our closest allies – Israel and the United States.”
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