Iran expects next payment under nuclear deal

Iran expects to get a fifth installment this week of previously blocked overseas funds, a senior official was quoted as saying, a payment that would confirm Iranian compliance with a landmark deal with world powers to curb its nuclear program. Under last year's interim agreement that took effect on January 20, Iran will receive a total of $4.2 billion of such funds in eight payments over six months, if it lives up to its part of the accord aimed at allaying fears about its atomic aims. It says it has already received four transfers in February and March, totaling some $2.1 billion. A fifth payment of $450 million was due on April 15, contingent on Iran having diluted half of its most sensitive stockpile of nuclear materials. Diplomats say Iran is meeting its commitments under the accord, according to Reuters.