In an interview with CBS, US Vice-President JD Vance said that Iran will be receiving up to $300 billion in investment from Gulf countries if it accepts to give up its ambitions to build a nuclear weapon. JD Vance has been leading the US-negotiating team with Iran through Pakistani mediators.
The Iranian regime has been demanding, among their list of conditions, war reparations and also sanctions-relief in exchange for the re-opening of the Strait of Hormuz and a ceasefire.
Last week, both Iran and the US confirmed that a deal is close to be signed.
The news came despite the fact that originally, US President Donald Trump said that he won’t accept anything less from Iran other than unconditional surrender. Meanwhile, President Trump said that he may join the signing ceremony in Switzerland on Friday depending on his schedule. President Trump is in France for the G7 meeting which is scheduled to start tomorrow. It is being held in Évian-les-Bains in Haute-Savoie, on the French shore of Lake Geneva (near the Swiss border).
Meanwhile, EU Commissioner President Ursula von Der Leyen said that European sanctions against Iran will only be removed if there are changes to Iran’s actions. The EU is also reiterating that the Strait of Hormuz needs to be opened to commercial shipping without any tolls.
It is unclear if Iran will be rolling out a new toll for passage through the Strait of Hormuz.
Newsroom
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