Iran President Says $6 Billion of $12 Billion in Assets Frozen in Qatar to Be Released

Iran is set to recover part of the assets frozen in Qatar, according to a media report.

BlockBeats, a media outlet focused on digital assets, reported on June 29 that Iran’s state-run IRNA news agency cited President Masoud Pezeshkian as saying $6 billion of Iran’s $12 billion in assets frozen in Qatar would be released and returned to the country.

At the day’s exchange rate of 1,543.40 won per dollar, $6 billion was equivalent to about 9.2604 trillion won and $12 billion to about 18.5208 trillion won.

The comments came as geopolitical tensions surrounding Iran eased. Investors are watching whether any release of the frozen assets could influence the Middle East outlook and sentiment toward oil and other risk assets.