The United States is expected to release $12 billion of Iran’s frozen assets ahead of formal negotiations between the two countries, according to Iran’s Mehr News Agency, which cited a 14-point memorandum of understanding.
The reported document states that a total of $24 billion in blocked Iranian funds will be made available during a 60-day negotiation period that begins once the memorandum is finalized.
Under the terms outlined in the document, half of the total amount, $12 billion, will be released before negotiations officially commence, while the remaining funds will be made available during the negotiation process.
Although the memorandum has been published by Mehr, it has not yet received official confirmation from either the United States or Iran.
The development comes amid reports of a broader US-Iran peace agreement aimed at easing tensions and creating conditions for diplomatic talks.