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Iran to Receive $6 Billion From Frozen Funds as Part of Prisoner Swap Deal With U.S.

  • Iran says $6 billion of frozen funds will be transferred to its accounts in Qatar on Monday as part of detainee swap deal.

  • Qatar has mediated the deal over months of negotiations and has aircraft on standby to fly 5 soon-to-be released U.S. citizens from Iran to Doha.

  • In return, U.S. will release 5 Iranians detained in the U.S. Two will stay in U.S. at their request, one will go to a third country.

  • Deal removes a major irritant between U.S. and Iran, though differences remain over nuclear ambitions, sanctions, and regional influence.

  • U.S. waived sanctions to allow transfer of Iran's $6 billion funds from South Korea to Qatar, which will monitor spending.

reuters.com
Relevant topic timeline:
Main Topic: Prisoner exchange between Iran and the United States, involving the release of American citizens held in Iran and the unfreezing of Iranian government assets. Key Points: 1. Five Americans imprisoned in Iran have been placed under house arrest as part of the planned prisoner exchange. 2. The exchange will also involve the release of roughly $6 billion in Iranian government assets blocked under U.S. sanctions. 3. The prisoner exchange negotiations have been ongoing for months, with Qatar and other governments acting as intermediaries.
When $6 billion of unfrozen Iranian funds are wired to banks in Qatar, it will initiate a process of the release of U.S. dual nationals detained in Iran and the homecoming of Iranian prisoners in the U.S., mediated by Qatar.
The Biden administration has agreed to unfreeze approximately $6 billion in Iranian assets in exchange for the release of five American citizens held by Iran, with the deal also calling for the freeing of five unidentified Iranians held by the US, triggering potential outrage due to the timing coinciding with the anniversary of the September 11 attacks.
The Biden administration has issued a waiver allowing $6 billion in Iranian funds to be transferred to Qatar, signaling progress in a deal to free five Americans who have been wrongfully detained in Iran.
The US Secretary of State has authorized the waiver of sanctions to allow for the transfer of $6 billion in Iran oil revenue in exchange for the release of five detained American citizens, with restrictions on how Iran can use the funds.
Iranian President Ebrahim Raisi claims authority over how the $6 billion in previously frozen funds will be spent, despite U.S. officials stating that the money will be closely monitored and used exclusively for humanitarian purposes as part of the prisoner exchange agreement with the United States.
Five Americans, who were wrongfully detained in Iran, have been freed and are being flown to Doha as part of a broader deal that includes the US unfreezing $6 billion in Iranian funds, marking a significant diplomatic breakthrough after years of complicated negotiations between the two countries.
Treasury Secretary Janet Yellen has indicated that the possibility of refreezing $6 billion of Iranian oil revenue held in Qatar is still on the table, though no decisions have been made yet, and she emphasized that the funds were originally intended for humanitarian purposes and have not been accessed by Iran.
The United States and Qatar have agreed to deny Iran access to $6 billion in funds meant for humanitarian purposes, which were part of a prisoner release deal but have been criticized for potentially supporting Hamas.
The Iranian government has not accessed any of the $6 billion in funds released under its prisoner exchange deal with the U.S., according to the White House.
The US and Qatar have agreed to block Iran from accessing the $6 billion it gained as part of a prisoner swap deal with the Biden administration and Tehran, amid concerns over Iran's involvement in Hamas' terrorist attack on Israel.
The U.S. and Qatari governments have quietly agreed to prevent Iran from accessing $6 billion in humanitarian aid that was unfrozen as part of a prisoner swap, following concerns over Iran's ties to Hamas' attacks on Israel.