U.S. Grants Iran $300 Billion Fund and Sanctions Waivers to Reopen Hormuz
Updated
Updated · The Globe and Mail · Jun 20
U.S. Grants Iran $300 Billion Fund and Sanctions Waivers to Reopen Hormuz
3 articles · Updated · The Globe and Mail · Jun 20
Summary
$300 billion in reconstruction funding, sanctions waivers and access to frozen assets form the core U.S. concessions in a new memorandum tied to Iran ending its Strait of Hormuz blockade.
The deal also opens a 60-day round of nuclear talks, but the memorandum preserves Iran's stated right to enrich uranium and only dangles broader sanctions relief if a later agreement is reached.
Those terms follow a war-ending accord and the U.S. military's earlier lift of its blockade on Iranian ports, after Washington failed to force open the strait and faced pressure from oil prices and midterm politics.
The memorandum reportedly omits Trump's earlier war aims on missiles, proxy forces and internal change in Iran, while linking Gulf shipping to Hezbollah-related constraints that could trigger fresh disputes.