The Chancellor of the Exchequer plans to lead a trade delegation to Iran next year if the country stays committed to a nuclear deal with other world powers.
According to the Financial Times, the move would be made after six world powers agreed earlier this year to lift sanctions in return for the Islamic Republic accepting long-term curbs on a nuclear programme.
Britain reopened its embassy in Tehran last month and Foreign Secretary Phillip Hammond has previously said sanctions could start to be lifted as early as spring next year.
Osborne is quoted to have said he “would love to lead a proper, big economic and trade delegation to Iran.”