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Al Jazeera
Al Jazeera
Business
Al Jazeera Staff

Iran nuclear deal ‘imminent’ with crippling sanctions removed

The reactor building at the Russian-built nuclear power plant in Bushehr in southern Iran [File: IIPA via Getty Images]

A European proposal to revive the nuclear agreement between Western countries and Iran is imminent and includes the release of billions of dollars in frozen Iranian funds and oil exports in return for the scaling back of its nuclear programme.

The new deal will be carried out in four phases over two 60-day periods, sources with knowledge of the proposed agreement told Al Jazeera Arabic.

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