French President Emmanuel Macron stepped up European efforts to save the Joint Comprehensive Plan of Action (JCPOA) by offering Iran a $15 billion bailout if Tehran will return to full compliance with the agreement. The bailout package is intended to compensate Iran for its lost revenue from oil sales due to U.S. sanctions. $15 billion would account for approximately half the amount Iran brings in each year from its oil exports. The United States has not indicated support for the proposal, but President Donald Trump has previously suggested openness to a "short-term letter of credit or loan."