Exclusive-Iranian source says US has agreed to unfreeze Iranian funds, Washington denies it

Reuters

Exclusive-Iranian source says US has agreed to unfreeze Iranian funds, Washington denies it

By Parisa Hafezi
2 min read

U.S. Special Envoy Steve Witkoff and Jared Kushner walk with Pakistan’s Chief of Defence Forces and Chief of Army Staff Field Marshal Asim Munir, and Pakistani Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar after arriving for peace talks with Iranian officials in Islamabad, Pakistan, Saturday, April 11, 2026. Pakistan’s Ministry of Foreign Affairs/Handout via REUTERS

By Parisa Hafezi

DUBAI, April 11 (Reuters) – A senior Iranian source said on Saturday the U.S. had agreed to release Iranian frozen assets held in Qatar and other foreign banks, ‌but a U.S. official swiftly denied FWN40U0B6 the assertion.

The senior Iranian source welcomed the purported U.S. ‌move as a sign of “seriousness” in reaching a deal with Washington in talks in Islamabad nL1N40U01A. The source said it was ​one of Iran’s demands “in messages conveyed to the U.S. side” and that Tehran had received a U.S. agreement to release the assets.

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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.

The senior source 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 $6 billion of frozen Iranian funds held by Qatar.

Qatar’s Foreign Ministry did not immediately respond to a request for comment.

FUNDS ORIGINALLY FROZEN EIGHT YEARS AGO

The $6 billion, originally frozen in 2018, had been due for ​release ​in 2023 as part of a U.S.-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 militant group Hamas.

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U.S. officials said at the time that Iran would not be able to access the money for the foreseeable future, stressing that Washington retained the right to completely freeze the account.

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.

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