Certainly, the US believe they have this agreement in place; that any money the Iranians take in will be used on American food.
Now, what has happened, I’m told, is that a technical committee has been set up to look into how Iranian money is spent.
One of the big US concerns is that that money is funnelled into helping proxies around the Middle East, who then cause violence, and the US wants to stop that at the source.
But it’s difficult to imagine there would be a deal done that would be quite so comprehensive.
As for the oil money, beforehand, Iran could sell oil, but often they did it at a discounted price to companies and to countries who were willing to take the risk, because they could find themselves on the other side of American sanctions. Lifting the sanctions the way the Americans have done means that they could now sell at market price, so they will get a lot more money for their projects.
The intention is that as the Iranians meet so-called benchmarks at various points of this agreement, more money will be made available to them with the unfreezing of more assets.
And then there is the potential of them being allowed more access to world markets and the banking systems as well.
But the intention is that they will get there eventually through the negotiations.
This is seen very much as just the first step.