Search

Saved articles

You have not yet added any article to your bookmarks!

Newsletter image

Subscribe to the Newsletter

Join 10k+ people to get notified about new posts, news and tips.

Do not worry we don't spam!

Iran Says US to Release $12 Billion in Frozen Funds

Iran Says US to Release $12 Billion in Frozen Funds

Post by : Shakul

Iran's top negotiator Mohammad Bagher Ghalibaf announced that an agreement has been reached with the United States to release approximately $12 billion in frozen Iranian assets. The development comes amid ongoing diplomatic negotiations aimed at easing tensions and addressing several longstanding disputes between the two countries.

The announcement followed recent US measures that temporarily eased sanctions to allow Iranian oil and petrochemical exports until August 21, signaling a possible shift in relations after years of economic restrictions.

Negotiations Continue in Switzerland

Talks involving Iranian, American, Qatari and Pakistani officials continued in Switzerland, where negotiators have been working on a framework for broader cooperation. Iranian officials described the discussions as constructive, despite reports of tensions during some sessions.

According to Iranian Foreign Ministry spokesperson Esmaeil Baghaei, negotiations later continued through indirect communication channels after the Iranian delegation chose to exchange messages through mediators rather than participate in a direct quadrilateral session.

Iran Seeks Full Control of Released Funds

Iranian officials stressed that the released funds would be used according to Tehran's own priorities. Baghaei rejected suggestions that the money would be restricted to specific purchases, stating that Iran would have complete freedom over how the assets are spent.

The release of frozen funds is seen as one of the most significant economic gains for Iran since sanctions intensified over its nuclear programme and regional policies.

Read Also:  US Envoys Handle Iran and Ukraine Talks in Geneva Raising Diplomatic Doubts

Lebanon Remains a Key Issue

The situation in Lebanon remains a central topic in ongoing negotiations. Iran warned that it would respond if Israel continued military actions against Hezbollah in Lebanon, while emphasizing support for efforts aimed at securing stability and ending hostilities.

Iranian diplomats indicated that discussions regarding Lebanon and regional security arrangements are expected to continue over the coming days.

Nuclear and Sanctions Discussions Advance

Iran confirmed that new working groups will soon be established to focus on sanctions relief and issues related to its nuclear programme. Officials described these discussions as a crucial step toward building a more comprehensive agreement.

However, Iranian authorities said there is currently no clear timetable for new inspections of nuclear facilities damaged during recent military strikes.

Regional Tensions Continue

Despite diplomatic progress, tensions remain high across the region. Iranian officials accused some regional countries of participating in actions against Iran and warned that legal responses could follow if evidence supports those claims.

At the same time, Israel has maintained a firm position on security issues in Lebanon, highlighting the complex challenges facing negotiators.

Hope for Long-Term Stability

The latest developments have raised hopes for improved relations between Iran and the United States after decades of hostility. While many details remain under discussion, the release of frozen assets and ongoing diplomatic engagement are being viewed as important steps toward reducing tensions and promoting greater regional stability.

June 23, 2026 1:06 p.m. 216

#world news #Political Affairs #Iran News #Diplomacy

PM Modi Pays Tribute to Mahatma Gandhi, Urges People to Support Khadi
Oct. 2, 2026 11:41 a.m.
PM Modi pays tribute to Mahatma Gandhi on Gandhi Jayanti and urges citizens to support Khadi and the Swadeshi spirit
Read More
Warrant Issued for One of Eight Accused in Palestinian Kidnapping Case
Oct. 2, 2026 11:11 a.m.
Court issues an arrest warrant after one accused in the Palestinian kidnapping case could not be located despite efforts by authorities
Read More
Japan Says Economy No Longer Needs Excessively Loose Monetary Policy
Oct. 2, 2026 10:37 a.m.
Japan says it no longer needs excessively loose monetary policy as inflation pressures persist and the BOJ weighs its next rate move
Read More
Amazon Seeks to Offload $8 Billion in Nvidia Chips to Investors
Oct. 2, 2026 10:24 a.m.
Amazon plans to move $8 billion in Nvidia chips to investors, using a new financing model to strengthen its balance sheet and support AI growth
Read More
MCMC Warns of Legal Action Over AI Video Showing Mahathir Grieving Hasmah
Oct. 2, 2026 10:05 a.m.
MCMC reviews an AI video of Mahathir grieving Hasmah and warns that legal action may follow if the content violates Malaysia’s laws
Read More
Samsung Raises Galaxy S26 Prices as Memory Chip Costs Rise
Oct. 1, 2026 5:31 p.m.
Samsung raises Galaxy S26 prices in South Korea as rising memory chip costs put pressure on smartphone margins
Read More
Indore Gets Advanced Blood Test for Early Alzheimer’s Detection
Oct. 1, 2026 3:57 p.m.
Sampurna launches an advanced Alzheimer’s Blood Test in Indore that can identify related changes up to 10-15 years before symptoms, according to the clinic
Read More
Indonesian Man Gets 13 Years in Jail for Killing Man Accused of Rape
Oct. 1, 2026 12:44 p.m.
An Indonesian man gets 13 years in jail after killing a compatriot accused of raping his daughter in Tawau, Malaysia
Read More
Indian Pilot Smit Machchhar Praised After Flydubai Flight Incident
Oct. 1, 2026 11:47 a.m.
Indian pilot Smit Machchhar was praised after the Flydubai FZ1073 cockpit incident forced an emergency landing in Saudi Arabia
Read More
Trending News