Iran won’t received $6B in frozen funds until meeting ‘milestones’: US official
AI Generated Image

Iran won’t received $6B in frozen funds until meeting ‘milestones’: US official

New York Post world

Key Points:

  • Iran has not received any of the $6 billion in frozen assets pledged by the US, as funds will only be released incrementally based on Iran meeting specific benchmarks outlined in the US-Iran memorandum of understanding (MOU).
  • The US rejects Iran's demand for a lump-sum payment, instead planning to make direct vendor payments tied to Iran's progress in negotiations.
  • Technical talks between US and Iranian teams, mediated by Qatar, are set to occur separately and indirectly, with Iran focusing on how to access the frozen funds.
  • The US insists that Iran must meet conditions such as reopening the Strait and stopping toll charges before accessing funds, which are intended for humanitarian purchases amid Iran's economic crisis.
  • US officials emphasize that Iran's leadership is motivated to comply due to internal pressures from economic hardship and public discontent caused by mismanagement and sanctions.

Trending Business

Trending Technology

Trending Health