As Iran and the P5+1 are moving toward a final agreement over the country’s nuclear energy program, speculations are rising in the media over the immediate benefits for Tehran. 

The Wall Street Journal has emphasized in a report that there will be an immediate windfall for Tehran of between $30 billion and $50 billion from access to frozen offshore accounts.

This, the Journal said, is based on comments made to reporters by White House sources.

It had earlier said Iran has between $100 billion and $140 billion of its oil revenue frozen in offshore accounts as a result of sanctions.

The Journal had further quoted US officials as saying that they expect Tehran to gain access to these funds in phases as part of a final deal.

Iran and the P5+1 group of countries are working on a final agreement over the Iranian nuclear energy program that has a deadline of June 30. A key point of the agreement will be the removal of a series of economic sanctions on Iran including those that have resulted in the freezing of Iranian petrodollars in overseas banks.

Iran has already received about $12 billion of its frozen petrodollars in a series of installments after it signed an agreement with P5+1 in Geneva back in 2013 that laid the grounds for cooperating toward the final comprehensive nuclear agreement. The last installment – with a value of $490 million - was delivered to the Central Bank of Iran (CBI) on March 31.

By Press TV