DistantNews
Support us
🇮🇱 Israel /Elections & Politics

Iran to get half of $12 billion in frozen assets after US deal, president says

From Jerusalem Post · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Iran will receive half of $12 billion in frozen assets following an agreement with the United States.
  • Technical teams from both nations will meet in Doha to implement a memorandum of understanding and discuss lifting oil and petrochemical sanctions.
  • The agreement includes an end to kinetic activity and allows vessels to move freely, with mediators working to de-escalate incidents.

Iran is set to regain access to half of $12 billion in frozen assets after reaching an agreement with the United States that lifts oil and petrochemical sanctions. President Masoud Pezeshkian announced that $6 billion will be returned to Iran following the interim agreement, which aims to settle conflicts between the two nations.

Iran threatened to not take part in technical talks slated for Sunday due to recent attacks on the country and unfulfilled conditions of the MoU with the United States

— Office of Preservation and Publication of the Works of Iran’s Supreme LeaderIran's stance on participating in technical talks.

Technical teams from Iran and the U.S. are scheduled to meet in Doha in the coming days to finalize the implementation of a memorandum of understanding. This meeting follows Iran's earlier threat to withdraw from technical talks due to recent attacks and unfulfilled conditions of the MoU.

nothing had been canceled

— senior US officialRegarding the upcoming talks between Americans and Iranians.

A senior U.S. official, however, assured that no talks had been canceled, and sources confirmed the upcoming meeting. The agreement reportedly includes a cessation of all kinetic activity and ensures the free movement of vessels. Mediators are actively working to de-escalate any potential incidents, and technical discussions are expected to continue.

We decided to stop all the kinetic activity

— senior officialConfirmation of an agreement to cease hostilities.
DistantNews Editorial

Originally published by Jerusalem Post in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog