A Saudi outlet reports that Iran and the United States have concluded an agreement to release $3 billion from frozen Iranian assets held abroad, according to an unidentified source. The report matches a similar preliminary report earlier today and adds to a series of recent moves to unfreeze Iranian funds amid regional de-escalation talks.
A Saudi outlet reported that Iran and the United States have finalized an agreement to release $3 billion in frozen Iranian assets, according to an unidentified source. The report, published Wednesday afternoon, marks the latest phase in a thread that began earlier today with a preliminary report of an agreement in principle at 14:35 Jerusalem, followed by a report that Iran had conditioned progress on the release. The current dispatch updates the status to finalization.
The desk has tracked this thread since earlier today, when the first Saudi report at 14:35 Jerusalem described a preliminary agreement. A subsequent report at the same timestamp indicated that Iran had conditioned negotiation progress on the release. The current report from the same outlet now states the deal is finalized. The $3 billion figure aligns with a Reuters report on June 13, which stated that the UAE had agreed to release approximately $10 billion in frozen Iranian funds and that $3 billion had reportedly already been transferred at that time.
The broader context includes several reports on asset releases, as The Zioneer has covered. On June 22, Iranian Parliament Speaker Mohammad-Bagher Qalibaf announced the completion of a $12 billion asset release in Swiss talks. On June 26, Iran's central bank governor said a US deal would unlock $12 billion in the first phase. A Reuters report on June 29 stated that a $6 billion release agreement was in its final stages. It remains unclear how the current $3 billion figure relates to these larger sums.
The report has not been independently confirmed. It is not clear whether the $3 billion represents a separate tranche or an update on the amount Reuters reported as already transferred on June 13.
3 developments
- StrongQatar proposes $12 billion compromise to unlock Iranian frozen assets
- DevelopingAraghchi: Pakistan and Qatar helped release some frozen Iranian assets
- StrongReuters: UAE agrees to release ~$10B in frozen Iranian funds, $3B reportedly transferred
- StrongReuters: Agreement to release $6 billion from frozen Iranian assets in final stages
Source and signal
- Internal intake