The United States will release USD 12 billion in Iran’s frozen assets before negotiations begin, Mehr News Agency reported Monday, citing an unconfirmed 14-point memorandum between Washington and Tehran.
The document published by Mehr said USD 24 billion in frozen Iranian assets would be released during a 60-day negotiation period after the memorandum is concluded. Half of that amount would be made available before talks start.
The reported asset release forms part of a wider US-Iran agreement announced Sunday by US President Donald Trump and Pakistani Prime Minister Shehbaz Sharif.
Trump said on Truth Social that the deal with Iran was complete. Sharif said on X that the pact called for the immediate and permanent end of military operations on all fronts, including in Lebanon.
Trump also said the Strait of Hormuz would reopen “toll-free” and that the US naval blockade of Iranian ports would end. The precise terms of the deal were not immediately known.
Read: US-Iran Peace Agreement Draws Global Praise For Pakistan
The United Kingdom, France, Germany and Italy said in a joint statement Sunday that they were ready to lift relevant sanctions in response to clear and verifiable steps by Iran on its nuclear programme.
The four European countries said they would work with the United States, Iran and the International Atomic Energy Agency to prevent Iran from acquiring a nuclear weapon and pursue a long-term diplomatic settlement.
