Leaked draft agreement suggests Iran to receive massive sum for economic development

A leaked draft agreement between Iran and the United States suggests a path toward resuming Iran's oil exports and fostering its economic development. The document, obtained by media outlets including Bloomberg and Al-Arabiya, outlines significant financial and trade concessions.

According to the draft, the US Treasury would grant waivers for Iranian crude oil and petrochemical product exports immediately following the agreement's signing. This move would aim to revitalize Iran's economy, which has been heavily impacted by sanctions. The agreement also reportedly includes provisions for the withdrawal of US military forces from Iran's vicinity and the restoration of maritime traffic through the Strait of Hormuz to pre-war levels within 30 days.

Furthermore, the draft proposes a joint plan between the US and its regional partners to rehabilitate Iran, with a financial commitment of at least $300 billion. This initiative aims to support the country's economic development and stability. The leaked information aligns with some previous reports, suggesting a consistent direction in negotiations.

While neither the US nor Iran has officially released the draft, the US has reportedly begun sharing the text with allied nations at the G7 summit in France. The parties are reportedly aiming to sign the agreement this Friday in Switzerland, marking a potential significant shift in US-Iran relations.