Iranian Source Says US Has Agreed To Unfreeze Iranian Funds Held In Qatar
Unfreezing the assets was "directly linked to ensuring safe passage through the Strait of Hormuz; decision not yet confirmed by US officials.
Dubai : A senior Iranian source said on Saturday the U.S. had agreed to release Iranian frozen assets held in Qatar and other foreign banks, welcoming the move as a sign of "seriousness" in reaching a deal with Washington in talks in Islamabad.
The source, who declined to be named due to the sensitivity of the matter, told Reuters that unfreezing the assets was "directly linked to ensuring safe passage through the Strait of Hormuz", which is expected to be a key issue in the talks.
The senior source did not give a value for the assets that Washington had agreed to unfreeze. A second Iranian source said the United States had agreed to release $6 billion of frozen Iranian funds held by Qatar.
There was no immediate statement from the United States about any unfreezing of assets. Qatar's Foreign Ministry did not immediately respond to a request for comment.
FUNDS ORIGINALLY FROZEN EIGHT YEARS AGO
The $6 billion, originally frozen in 2018, had been due for release in 2023 as part of a U.S.-Iranian prisoner swap but the funds were again frozen by the administration of President Joe Biden following the October 7, 2023 attacks on Israel by Iran's ally, the Palestinian militant group Hamas.
U.S. officials said at the time that Iran would not be able to access the money for the foreseeable future, stressing that Washington retained the right to completely freeze the account.
The funds stem from Iranian oil sales to South Korea and had been blocked in South Korean banks after President Donald Trump reimposed sanctions on Iran in 2018 - during his first term in the White House - and scrapped a deal between world powers and Tehran over its nuclear programme.
Under the September 2023 U.S.–Iran prisoner swap mediated by Doha, the money was transferred to Qatari bank accounts. The prisoner swap involved the release of five U.S. citizens detained in Iran in exchange for the funds’ release and the release of five Iranians held in the United States.
U.S. officials said at that time that the money was restricted to humanitarian use only, to be disbursed to approved vendors for food, medicine, medical equipment and agricultural goods shipped into Iran under U.S. Treasury oversight.
US official denies report Washington agreed to unfreeze Iran assets
A senior US official denied on Saturday a report saying Washington had agreed to release Iran's frozen assets held in Qatar and other foreign banks.
Iranian and US delegations have arrived in Islamabad, Pakistan for talks aimed at ending the war in the Middle East.
Tehran earlier said any agreement on a permanent end to fighting must include the unfreezing of sanctioned Iranian assets and an end to Israel's war on Hezbollah in Lebanon.
An unnamed "senior Iranian source" told news outlet Reuters that the United States had agreed to unfreeze the assets and that the move was directly linked to ensuring safe passage in the Strait of Hormuz.
In a message from the White House, a senior US official responded to the report saying, "False. The meetings have not even started yet."
On Saturday, Pakistan Prime Minister Shehbaz Sharif met US Vice President JD Vance in Islamabad, the former's office said, adding that peace talks to end the Middle East war had "commenced."
(Credit source : Reuters and AFP)
