Trump reportedly considering a $15 billion lifeline to Iran

  • President Donald Trump is reportedly considering a French plan to allow a $15 billion credit for Iran should it come back and comply with the Iran nuclear deal, according to US and foreign officials.
  • The plan was originally floated by French officials but was contingent on US approval.
  • Trump has recently lightened his stance and appeared to open to the idea of making a deal with Iran — a similar position he conveyed to the North Korean regime.
  • Visit Business Insider's homepage for more stories.

President Donald Trump is reportedly considering a French plan to allow a $15 billion credit for Iran should it come back and comply with the Iran nuclear deal, according to US and foreign officials cited in a Daily Beast report.

The plan was originally floated by French officials but was contingent on the US's approval of issuing waivers for its sanctions. French Foreign Minister Jean-Yves le Drian said earlier this month that the credit line would be backed by Iran's oil revenues, and that negotiations on the matter were ongoing.

Four people with knowledge of the matter said to The Daily Beast that Trump was entertaining the proposition, which would be a turn from his prior position on the matter. Trump's rhetoric towards the Iranian regime has mostly unwavered — from slapping heavy sanctions against Iran, to successfully pulling the US out of the nuclear deal dating back to former President Barack Obama's administration in 2015.

Read more:Iranian official mocks John Bolton after he's ousted from Trump's White House

But Trump has recently appeared to open to the idea of making a deal with Iran — a similar position he conveyed to the North Korean regime.

RELATED: Trump pulls U.S. from Iran nuclear deal

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Trump pulls US from Iran nuclear deal
US President Donald Trump signs a document reinstating sanctions against Iran after announcing the US withdrawal from the Iran Nuclear deal, in the Diplomatic Reception Room at the White House in Washington, DC, on May 8, 2018. (Photo by SAUL LOEB / AFP) (Photo credit should read SAUL LOEB/AFP/Getty Images)
U.S. President Donald Trump announces his intention to withdraw from the JCPOA Iran nuclear agreement during a statement in the Diplomatic Room at the White House in Washington, U.S., May 8, 2018. REUTERS/Jonathan Ernst
US President Donald Trump signs a document reinstating sanctions against Iran after announcing the US withdrawal from the Iran Nuclear deal, in the Diplomatic Reception Room at the White House in Washington, DC, on May 8, 2018. (Photo by SAUL LOEB / AFP) (Photo credit should read SAUL LOEB/AFP/Getty Images)
U.S. President Donald Trump announces his intention to withdraw from the JCPOA Iran nuclear agreement during a statement in the Diplomatic Room at the White House in Washington, U.S., May 8, 2018. REUTERS/Jonathan Ernst
U.S. President Donald Trump reacts to a question from the media after announcing his intention to withdraw from the JCPOA Iran nuclear agreement during a statement in the Diplomatic Room at the White House in Washington, U.S., May 8, 2018. REUTERS/Jonathan Ernst
U.S. President Donald Trump announces his intent to withdraw from the JCPOA Iran nuclear agreement in the Diplomatic Room at the White House in Washington, U.S., May 8, 2018. REUTERS/Jonathan Ernst
WASHINGTON, DC - MAY 08: U.S. President Donald Trump holds up a memorandum that re-instates sanctions on Iran after he announced his decision to withdraw the United States from the 2015 Iran nuclear deal in the Diplomatic Room at the White House May 8, 2018 in Washington, DC. After two and a half years of negotiations, Iran agreed in 2015 to end its nuclear program in exchange for Western countries, including the United States, lifting decades of economic sanctions. Since then international inspectors have not found any violations of the terms by Iran. (Photo by Chip Somodevilla/Getty Images)
US President Donald Trump announces his decision on the Iran nuclear deal in the Diplomatic Reception Room at the White House in Washington, DC, on May 8, 2018. (Photo by SAUL LOEB / AFP) (Photo credit should read SAUL LOEB/AFP/Getty Images)
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"I do believe they'd like to make a deal," Trump said on Wednesday, adding that he believed "Iran has tremendous potential."

"They're proud of their people," Trump said. "And we're not looking for regime change. We hope that we can make a deal, and if we can't make a deal, that's fine too. But I think they have to make a deal."

Sanctions against Iran have largely crippled its economy and isolated it from world markets. Iran, which heavily relies on its export of 2.3 million barrels of oil per day, saw this number plummet to 1.1 million barrels in March, according to SVB Energy International. Iran's currency of the rial has also sunk to the US dollar, forcing the country to enact regulatory reforms and the creation of numerous exchange rates to curb the black market.

As the US enacted more sanctions against a "wide range of terrorists and their supporters" that include Iran's militant arm on Tuesday, the regime said it would not negotiate unless the sanctions are lifted. Iranian President Hassan Rouhani announced that the country is preparing to restart its highly enriched uranium production, a claim that critics say is one step closer to a potential nuclear weapon.

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