Iran and the United States are actively negotiating a framework to unlock billions of dollars in frozen Iranian assets, a development that could reshape energy markets and send ripples through the global financial system, including crypto.

The talks center on roughly $24 billion in frozen Iranian funds held in the US, a slice of what’s estimated to be $100 to $120 billion in Iranian assets frozen worldwide. Tehran’s opening bid: release at least half, roughly $12 billion, immediately upon signing a memorandum of understanding.

The money, the mechanism, and the standoff

Iran wants $12 billion released right away as a trust-building measure. The US, under President Trump, has taken a cautious stance. Trump has stated he will not unfreeze Iranian assets before a ceasefire or a comprehensive agreement is reached.

US negotiators have proposed a controlled release mechanism. The proposals include funneling money through humanitarian channels or setting up special fund distributions with built-in oversight. The goal is to let Iran access some of its money while preventing direct cash transfers that could be redirected.