Iran has reached an important agreement with the United States for the release of $12 billion in frozen assets. Mohammad Baqer Qalibaf, Speaker of the Iranian Parliament and chief negotiator, confirmed the deal after talks in Switzerland. He announced on Monday while returning from the negotiations.
According to Qalibaf, the signing for the release of these funds has been finalized. The $12 billion is part of broader efforts to ease tensions and support economic recovery in Iran. This comes as part of a memorandum of understanding (MoU) between the two countries following recent diplomatic progress and a ceasefire.
In addition, both sides agreed to set up a communication mechanism for maritime traffic in the Strait of Hormuz. This important waterway is key for global oil transport. The new line aims to prevent conflicts, avoid accidents, and ensure safe passage for ships.
The development is seen as a positive step toward better relations. However, experts note that full implementation will depend on continued talks and compliance from both sides. Some reports mention differences in how the asset release is viewed — Iran sees it as immediate relief, while the US has described it as a “pay-for-performance” deal.
This agreement could help Iran access much-needed funds for its economy and reduce regional tensions. It highlights the role of diplomacy in resolving long-standing issues.
