Iran Gets $1 Billion in Oil Revenue Released by Japan as Part of Nuclear Deal

Iran’s central bank has received $1 billion of previously frozen oil revenue from Japan under the terms of the nuclear agreement with six world powers, the Iranian news agency IRNA reported.

The powers agreed in July to extend a six-month interim accord until Nov. 24. Iran is to receive $2.8 billion during the four-month extension, in addition to $4.2 billion paid during the January-July period.

Iran’s major Asian customers shipped in 29.4% more crude oil in July from a year earlier, with China accounting for most of the increase since Western sanctions were eased at the beginning of the year.

{Andy Heller-Matzav.com Newscenter}