Reuters: US Weighs Releasing $25 Billion in Frozen Iranian Assets, Including Cash Transfers
Summary
- The US is considering releasing $25 billion in frozen Iranian assets.
- The funds would be provided through cash transfers, cooperation from countries in the region and financial credit lines.
- If confirmed, markets see a greater chance of broad sanctions relief and an increase in Iranian oil exports.
Forecast Trend Report by Period
The US is considering a plan to release $25 billion in frozen Iranian assets as Washington and Tehran move closer to an agreement, Reuters reported.
Reuters, citing a senior Iranian official on June 14, said a draft memorandum of understanding with the US includes a provision to unfreeze $25 billion in Iranian assets.
The funds would be provided through direct cash transfers, cooperation from countries in the region and financial credit lines.
President Donald Trump wrote on Truth Social on June 13 that a signing was scheduled for June 14. Middle Eastern media outlets also reported that a virtual signing ceremony would take place that day.
If confirmed, the development would raise the prospect of broad sanctions relief and increased Iranian oil exports, market participants said.
Still, neither the US nor Iran has officially announced a final agreement, and negotiations over detailed terms and implementation procedures are continuing.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
