India plans more transparent Iran oil payments via UAE cbank - sources | Reuters:
"India plans to clear some pending oil payments to Iran through the United Arab Emirates central bank, three sources with knowledge of the matter said, under an interim nuclear deal that has allowed Tehran access to $4.2 billion in blocked funds globally.
The mechanism reflects a U.S. insistence that the transfers can be closely tracked. Payments would reward Tehran for cooperating in nuclear talks that, if successful, would return Iran to the international fold after decades of isolation.
Despite some signs of improving relations between Washington and Tehran, a full deal over Iran's nuclear activity remains elusive."
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