Will Iran be committed to nuclear deal after a Japanese-French plan?

Islam Mohamed

Japan and France have proposed a joint plan to provide Iran with a loan of about $18.2 billion to be secured by oil if Tehran returns to full compliance with the Joint Comprehensive Plan of Action on its nuclear program, Japanese Mainichi newspaper said.

The newspaper added that Japan has decided to support France’s initiative announced this summer to provide Iran with a credit line of $15 billion after Tehran demanded an increase in loan volumes to compensate for the negative impact of tougher US sanctions.

It is assumed that loan would be paid off by oil revenues and the targeted use of finance will be limited to the purchase of food and medicine.

According to the newspaper, the Japanese government believes that financial support could help start a dialogue between Iran and the United States on the nuclear issue.

Researcher Mohamed Alaa Eddin, an expert on Iranian affairs, said oil-importing countries like Japan and France seek regular traffic in the Strait of Hormuz and to ensure stability of oil prices.

“Therefore, these countries mediate between Tehran and Washington to sort out the crisis,” Alaa Eddin tod THE REFERENCE.

“The mullah regime is suffering due to the US sanctions. So Tehran may accept what it had rejected earlier as the sanctions have affected the country’s financial resources in all economic sectors,” he added.