Iran Official: US to Release $25B in Frozen Assets Under Draft Deal
A senior Iranian official told Reuters that a draft memorandum would see the US release $25 billion in frozen Iranian assets through cash transfers, regional cooperation, and credit lines.
A senior Iranian official has informed Reuters that a draft memorandum under discussion would unlock $25 billion in frozen Iranian assets held abroad. The funds would be released via direct cash transfers, regional cooperation mechanisms, and financial credit lines.
This development signals a potential thaw in US-Iran relations, though the draft remains unconfirmed. The assets were frozen under previous sanctions regimes.
Source: First Squawk