Iran nuclear deal memo outlines $300 billion investment fund as oil slips below $80 a barrel

New details in the Iran nuclear deal include a confirmed $300 billion investment fund, the release of Iran’s frozen assets estimated in the tens of billions of dollars, and an end to existing sanctions. The memo also describes a 60-day toll-free arrangement for shipping through the Strait of Hormuz, but leaves unanswered whether that provision would be made permanent. The uncertainty has fueled market concerns that Iranian crude exports could return quickly, even as analysts argue the move below $80 a barrel looks like an overreaction given current fundamentals.