Sources tell Al Jazeera Arabic an agreement to revive the landmark accord abandoned by the US is soon to be announced.

A European proposal to revive the nuclear agreement between Western countries and Iran is imminent and includes the release of billions of dollars in frozen Iranian funds and oil exports in return for the scaling back of its nuclear program.

The new deal will be carried out in four phases over two 60-day periods, sources with knowledge of the proposed agreement told Al Jazeera Arabic.

Read more at Aljazeera.com

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Edited by Jesus Chan

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