Iranian Foreign Minister Mohammad Javad Zarif smiles as he speaks to the media at the International Conference Centre of Geneva in Geneva November 24, 2013. REUTERS/Carolyn Kaster/Pool
WASHINGTON (Reuters) - Iran would receive the first $550 million (£333 million) instalment of a total of $4.2 billion in previously blocked overseas funds on or about February 1, a senior U.S. official said on Sunday.
Under a November 24 nuclear agreement, six major powers agreed to give Iran access to $4.2 billion in revenues blocked overseas if it carries out the deal, which offers sanctions relief in exchange for steps to curb the Iranian nuclear program.
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