The U.S. is exploring the possibility of releasing $6 billion in frozen assets belonging to Iran, marking the initial step in a potential settlement that could bring an end to the ongoing conflict, provided certain conditions are fulfilled, sources informed the Post on Friday. In total, there’s a chance that up to $20 billion might eventually be unfrozen.
The specifics of this first phase haven’t been shared yet, but it’s anticipated to unfold over the next two to three years. It’s also unclear whether the entire $20 billion would be freed—further stipulations could play a role.
Presently, the $6 billion in question comes from oil sales to South Korea and is held in Qatar.
Axios and Reuters were the first to report that the amount in question is likely around $20 billion.
The exact conditions that would need to be met for any asset release remain undisclosed.
Meanwhile, President Trump stated on Friday that his administration is prepared to transfer a stockpile of enriched uranium to Iran but clarified that “no money will exchange hands.” He emphasized on Truth Social that the U.S. would maintain control over the nuclear material produced by its bombers.
This deal might instead allow Iran access to its overseas funds, which are currently frozen, as noted by sources close to the negotiations. There’s also mention of possibly allowing Iran access to roughly $15 billion it is owed by Iraq for electricity.
It’s still uncertain if Iran will agree to forfeit any new rights to enrich uranium—a demand that President Trump has consistently made regarding the deal.
This week, Trump mentioned that both U.S. and Iranian officials are in talks via a mediator, and there’s hope for progress during a second negotiation round in Islamabad, Pakistan.
According to Axios, discussions might occur in the coming days, with officials expressing optimism about reaching a peace agreement.
Travel plans may be finalized as soon as Saturday afternoon, though the specific dates haven’t been confirmed, officials stated.
When asked for comments, White House Deputy Press Secretary Anna Kelly remarked that “only statements from President Trump or the White House should be regarded as fact.” She added that while productive discussions with Iran are ongoing, any negotiations would not be conducted through the media.
If this move receives approval, it wouldn’t be the first instance of the U.S. freeing Iranian assets as part of an agreement.
During the Obama administration, a controversial decision led to a secretive arrangement to deliver $400 million in cash to Iran on the day that four American prisoners were released and the 2016 nuclear deal was put into effect.
Former President Obama had authorized the transfer, which included Swiss francs and euros, laid out on wooden pallets. This transfer was part of a broader $1.7 billion settlement meant to resolve claims related to failed arms deals that date back to the Shah’s era.
