Wednesday, 17 June 2026
Tons of money for Iran if the peace deal is honoured
All the details of the Memorandum of Understanding between Iran and the US are now published, and it shows beyond question that if the Tehran regime behaves itself and adheres to the terms of the agreement, Iran will be flooded with money: a $300 billion investment fund for reconstruction, paid for mostly by Arab states in the Gulf, an unfreezing of £24 billion which had been held in European banks, mostly in Belgium for some reason, and a huge amount of revenue from the sale of oil to anyone who wants it, mostly China, with all sanctions lifted. It's a bonanza for Iran. Their negotiators have done well. As for the Strait of Hormuz, Iran has agreed there will be no tolls or fees for the next 60 days during the next stage of negotiations. But after that Iran and Oman will hold talks about the "management" of the strait for the safe passing of ships through the chokehold. What on earth does that mean? Is there a chance Iran and Oman will be allowed to charge some sort of admin fee in future? If so, that woulld be totally against what Trump and co have been saying ever since the war with Iran began. It would also be counter to international maritime law. Once again, the Iranian negotiators have done exceptionally well to get that sentence into the MoU. Trump will need to do a lot of explaining to the world's shipping companies. Insurance premiums will go up, the cost of oil will be affected and Iran will get richer. The nuke issue will have to be dealt with in the next 60 days as well, not enough time I would have thought to nail down the detail that will have to be negotiated to prevent Iran from ever getting a nuclear weapon.
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