US-Iran Draft MOU Includes Immediate Release of $12 Billion in Frozen Assets
Summary
- A report said a memorandum of understanding being discussed by the US and Iran includes a provision for the immediate release of $12 billion in frozen assets held by Iran.
- In the market, sanctions relief and the release of frozen assets have emerged as key issues in the US-Iran negotiations.
- The release of frozen assets could be a key variable in whether the US and Iran reach a deal, but a final agreement remains uncertain because approval from the top leadership is still pending.
Forecast Trend Report by Period
A memorandum of understanding being discussed by the US and Iran includes a provision for the immediate release of $12 billion in frozen Iranian assets, according to a report. Sanctions relief and the release of frozen assets have emerged as key issues in the talks.
Iran’s Fars News Agency reported on May 29 that the draft MOU under negotiation between Washington and Tehran includes a clause for the immediate payment of $12 billion in frozen Iranian funds.
The assets are part of Iranian funds held overseas and frozen under US sanctions, the report said. Iran has made access to those assets a key demand in the negotiations.
The US and Iran have recently been discussing a broader agreement that includes an extension of the ceasefire, the resumption of nuclear talks and the normalization of the Strait of Hormuz. Key differences remain over limits on uranium enrichment and the scope of sanctions relief.
Markets view the release of frozen assets as a key variable in whether the US and Iran can reach a deal. A final agreement remains uncertain because approval from the top leadership on both sides is still required.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
