Tehran insists on accessing half of the $24 billion in frozen assets immediately upon announcing a US memorandum of understanding.
Iran is pressing for the release of $24 billion in frozen funds as part of a potential Memorandum of Understanding with the United States. The demand includes making $12 billion accessible at the outset of the agreement, according to officials close to negotiations.
The request follows discussions led by Iran’s top negotiator, Mohammad Baqr Qalibaf, who traveled to Qatar to finalize a mechanism for the funds’ release. The $24 billion figure represents a significant portion of Iran’s assets held abroad due to sanctions.
Markets showed little reaction to the news, with the US Dollar Index rising marginally by 0.05% to 99.05.