Iran’s President Masoud Pezeshkian announced that Qatar will release six billion dollars (about £4.54 billion) of frozen Iranian assets. This development follows disruptions in Iran-US talks due to recent attacks in the Strait of Hormuz.
Pezeshkian, a top Iranian official, mentioned that Qatar, a crucial mediator in negotiations with Pakistan, will release a portion of the 12 billion dollars of Iranian funds held there. The state-run IRNA news agency quoted Pezeshkian confirming the release plan and ongoing follow-up processes.
The statement seems intended to garner public support for the interim agreement, although US authorities have not confirmed the release of any frozen Iranian assets. A US official informed The Hill that technical discussions on various aspects of the memorandum of understanding (MoU) will continue, allowing vessels to operate freely for the time being.
The MoU, consisting of 14 points signed on June 17, includes immediate cessation of military actions and safe passage for commercial ships without fees for 60 days. While the US military retaliated against Iran for a drone attack on a cargo ship in the Strait of Hormuz, Iran has not officially responded to reports suggesting a suspension of strikes.
This breaking news update provides insight into the ongoing developments in the Iran-Qatar asset release and the diplomatic dynamics in the region. Stay informed by following our news stories on major events in the future.