Wednesday, 4 September 2019

US unlikely to back $15bn #Iran credit line, officials say | Financial Times

US unlikely to back $15bn Iran credit line, officials say | Financial Times:

US officials have played down the idea of Washington backing a French proposal to give Iran a $15bn credit line, as the Trump administration ramps up its “maximum pressure” campaign on Tehran.

Emmanuel Macron, France’s president, floated the idea of providing Iran a financial lifeline when he met Donald Trump at the G7 in Biarritz last month. Mr Trump at the time said Iran might need help weathering a “very rough patch,” leading some to believe he was open to the idea. 

But US officials have pushed back against the idea that the White House was wavering on its “maximum pressure” campaign, with some saying Mr Trump was talking about a point in the future after Iran had agreed to negotiate a new nuclear deal.

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