US to Release $6B Frozen Iran Funds for Humanitarian Goods
The Trump administration will grant Iran access to $6 billion in frozen funds for humanitarian purchases, contingent on Tehran reopening the Strait of Hormuz and committing to a ceasefire extension. The plan includes phased releases and a temporary waiver for Iranian oil exports.
According to a report by the Financial Times, the Trump administration has agreed to provide Iran with access to $6 billion in frozen assets to purchase humanitarian and non-sanctioned goods from the United States. The move is described as a "financial incentive" to ensure Iran's compliance with the ongoing deal.
The funds will be released in phases, starting within the 60-day ceasefire extension, and are contingent on Iran reopening the Strait of Hormuz. Additionally, the administration will grant a waiver allowing Iran to export oil during this period.
The broader objective of the agreement is to eventually terminate all types of sanctions on Iran.
Source: The Kobeissi Letter