[rsync]

The best explanation I can think of is that sanctions relief will be exchanged for haircuts (restructuring) of foreign held debt.

If you’re familiar with bankruptcy - and the president is - then you know all about reduction of principal…

[epistasis]

That is roughly the Mar-a-lago accord idea, but the both the financial leverage for that and the negotiating tactics have been completely mismanaged if that's the goal, it really doesn't make any sense.