UAE to unlock billions of dollars for Iran, Reuters reports, citing sources

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UAE to unlock billions of dollars for Iran, Reuters reports, citing sources

Iranian Foreign Ministry spokesperson says Iran's decisions making bodies are meeting about MoU; and cannot confirm any of the details of the memorandum published in media

US Senior admin officials says Iran deal accomplishes core US objectives and deal reopens Strait of Hormuz; Iran deal guarantees long-term peace in region and includes inspection regime

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  • Two sources say at least USD 10bln to be unlocked under deal.
  • First USD 3bln tranche already sent.
  • Deal includes revived economic ties

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