DUBAI, April 11 — A senior Iranian source has said that the United States had agreed to release Iranian frozen assets held in Qatar and other foreign banks, welcoming the move as a sign of "seriousness" in reaching a deal with Washington in talks in Islamabad, Pakistan.
The source, who declined to be named due to the sensitivity of the matter, told Reuters that unfreezing the assets was "directly linked to ensuring safe passage through the Strait of Hormuz", which is expected to be a key issue in the talks.
It did not give a value for the assets that Washington had agreed to unfreeze. A second Iranian source said the United States had agreed to release US$6 billion (RM23.79 billion) of frozen Iranian funds held by Qatar.
There was no immediate statement from the US about any unfreezing of assets. Qatar's Foreign Ministry did not immediately respond to a request for comment.
Funds originally frozen eight years ago
The US$6 billion, originally frozen in 2018, had been due for release in 2023 as part of a US-Iranian prisoner swap, but the funds were again frozen by the administration of President Joe Biden following the October 7, 2023, attacks on Israel by Iran's ally, the Palestinian group Hamas.
At the time, US officials said that Iran would not be able to access the funds for the foreseeable future, stressing that Washington retained the right to freeze the account entirely.
The funds stem from Iranian oil sales to South Korea and had been blocked in South Korean banks after President Donald Trump reimposed sanctions on Iran in 2018 — during his first term in the White House — and scrapped a deal between world powers and Tehran over its nuclear programme.
Under the September 2023 US-Iran prisoner swap mediated by Doha, the money was transferred to Qatari bank accounts. The prisoner swap involved the release of five US citizens detained in Iran in exchange for the release of the funds and the release of five Iranians held in the US.
US officials said at that time that the money was restricted to humanitarian use only, to be disbursed to approved vendors for food, medicine, medical equipment and agricultural goods shipped into Iran under US Treasury oversight.
