Iran announces agreement with U.S. to unlock $12 billion in frozen funds, easing financial restrictions amid diplomatic talks.
The United States has agreed to unblock $12 billion in frozen Iranian assets, Iran’s top negotiator said Tuesday. The move follows recent talks in Switzerland described as “encouraging” by Iranian officials, signaling a potential thaw in relations.
Prior discussions had stalled over sanctions and regional tensions, including Iran’s control of the Strait of Hormuz. The funds’ release could ease economic pressure on Iran, though negotiators noted no immediate shift in maritime policies.
Markets may view the development as a step toward reduced geopolitical risk in energy trade routes.