The Wall Street Journal, citing informed sources, reported that under the agreement to end the war between Tehran and Washington, the Islamic Republic will be allowed to access $6 billion of its frozen assets in Qatar. However, these funds can only be used to import humanitarian and non-sanctioned goods from the United States.
According to a diplomat familiar with the details of the accord, the release of these resources will take place in phases over the course of the extended 60-day ceasefire. The report indicates that Iran’s access to these funds is conditional upon the reopening of the Strait of Hormuz and progress in bilateral negotiations toward a final agreement.
A U.S. official also told the Wall Street Journal that Washington will unfreeze a portion of Iran’s blocked assets during the negotiation process, provided that Tehran demonstrates “appropriate behavior,” including cooperation regarding its enriched uranium stockpiles.
This report comes amid claims by media outlets close to the Iranian government that Tehran expects the release of $12 billion in frozen assets during the 60-day interim period. Estimates suggest that Iran’s total frozen assets abroad amount to approximately $24 billion.
