US intelligence agencies have assessed that Iran has gained effective control over the strategic Strait of Hormuz following the war involving the United States and Israel against the Islamic Republic, CNN reported, citing two sources.&nbsp;The assessment said Tehran now has the ability to close the vital waterway whenever it chooses, giving Iran a powerful tool to influence the global economy. The development comes as a memorandum of understanding between Tehran and Washington, which is expected to be signed on Friday.&nbsp;The agreement is mainly focused on reopening the key shipping route as a condition for further discussions, including nuclear talks and sanctions relief. However, intelligence assessments indicate that Iran demonstrated during the conflict that it could maintain control over the Strait of Hormuz despite joint efforts by the US and Israel and could completely block maritime traffic if required.&nbsp;<h2>Iran uses energy routes as a strategic pressure tool</h2>Iran has also shown its ability to target energy infrastructure in Gulf countries, which it used effectively during the war, CNN reported, citing a source. The move has provided Tehran with another asymmetric option that it could use in future negotiations.A senior US official told CNN that Iran would not receive “any benefits” from the framework agreement unless the Strait of Hormuz remains open and Tehran follows the other commitments it accepted.&nbsp;The official did not specify the benefits but said the US would reduce its blockade measures in line with Iran's restoration of shipping movement through the strait.&nbsp;“If Iran 'performs, the relief follows, and American leverage holds the entire way”, the senior official added.&nbsp;Even as both sides appear to have reached an agreement to reopen the waterway and end the current conflict, sources said Iran had been considering an economic “nuclear option” if talks with Washington collapse.&nbsp;Under this plan, Iran could use the Houthis, its main proxy force in Yemen, to shut the Bab el Mandeb Strait, which links the Red Sea with the Indian Ocean. The waterway is another major global trade route and has played a key role in shipping during the months-long closure of the Strait of Hormuz.&nbsp;<h2>Trump says Strait of Hormuz will fully reopen on Friday</h2>The latest US intelligence assessment has raised questions about Iran’s ability to use global trade routes as leverage beyond the current agreement.&nbsp;Earlier on Monday, US President Donald Trump said the Strait of Hormuz was “already partially opened” and would be fully reopened on Friday when the US and Iran are expected to formally sign the memorandum of understanding.&nbsp;“They’re doing a little hunting for a couple of mines that they’ve already found, but … ships are starting to go out now,” Trump said during a meeting with French President Emmanuel Macron at the G7 summit. “On Friday, it’ll be completely open.”&nbsp;“I don’t think we’re going to need much help, because we have an agreement where it’s going to be open, and it’s toll-free. We had a little argument on that; it’s toll-free,” Trump added.&nbsp;However, Trump has not provided details on how any future agreement would stop Iran from taking similar action again, especially after the US removes its naval blockade and reduces its military presence in the region.

The assessment revealed that Tehran can now close the key shipping route whenever it chooses, allowing Iran to impact global trade and economic activity.

US intelligence agencies have assessed that Iran has gained effective control over the strategic Strait of Hormuz following the war involving the United States and Israel against the Islamic Republic, CNN reported, citing two sources. The assessment said Tehran now has the ability to close the vital waterway whenever it chooses, giving Iran a powerful tool to influence the global economy. The development comes as a memorandum of understanding between Tehran and Washington, which is expected to be signed on Friday. The agreement is mainly focused on reopening the key shipping route as a condition for further discussions, including nuclear talks and sanctions relief. However, intelligence assessments indicate that Iran demonstrated during the conflict that it could maintain control over the Strait of Hormuz despite joint efforts by the US and Israel and could completely block maritime traffic if required. Iran uses energy routes as a strategic pressure tool Iran has also shown its ability to target energy infrastructure in Gulf countries, which it used effectively during the war, CNN reported, citing a source. The move has provided Tehran with another asymmetric option that it could use in future negotiations. A senior US official told CNN that Iran would not receive “any benefits” from the framework agreement unless the Strait of Hormuz remains open and Tehran follows the other commitments it accepted. The official did not specify the benefits but said the US would reduce its blockade measures in line with Iran's restoration of shipping movement through the strait. “If Iran 'performs, the relief follows, and American leverage holds the entire way”, the senior official added. Even as both sides appear to have reached an agreement to reopen the waterway and end the current conflict, sources said Iran had been considering an economic “nuclear option” if talks with Washington collapse. Under this plan, Iran could use the Houthis, its main proxy force in Yemen, to shut the Bab el Mandeb Strait, which links the Red Sea with the Indian Ocean. The waterway is another major global trade route and has played a key role in shipping during the months-long closure of the Strait of Hormuz. Trump says Strait of Hormuz will fully reopen on Friday The latest US intelligence assessment has raised questions about Iran’s ability to use global trade routes as leverage beyond the current agreement. Earlier on Monday, US President Donald Trump said the Strait of Hormuz was “already partially opened” and would be fully reopened on Friday when the US and Iran are expected to formally sign the memorandum of understanding. “They’re doing a little hunting for a couple of mines that they’ve already found, but … ships are starting to go out now,” Trump said during a meeting with French President Emmanuel Macron at the G7 summit. “On Friday, it’ll be completely open.” “I don’t think we’re going to need much help, because we have an agreement where it’s going to be open, and it’s toll-free. We had a little argument on that; it’s toll-free,” Trump added. However, Trump has not provided details on how any future agreement would stop Iran from taking similar action again, especially after the US removes its naval blockade and reduces its military presence in the region.

The assessment revealed that Tehran can now close the key shipping route whenever it chooses, allowing Iran to impact global trade and economic activity.

US intelligence assesses Iran can shut Strait of Hormuz at will after conflict: Report

Iran was preparing to launch an attack on Israel and suspend the signing of a landmark agreement with the US after an Israeli strike near Beirut threatened to derail delicate last-minute diplomacy. Iran's lead negotiator, Mohammad Bagher Ghalibaf, informed Qatari mediators that Tehran intended to retaliate against Israel and put the agreement with Washington on hold following the strike, which Iran reportedly viewed as crossing a red line because it targeted Lebanon.&nbsp;Also read: <a href="https://www.wionews.com/world/modi-response-indian-sailors-deaths-khobragade-comparison-1781510283032">From Devyani Khobragade to Gulf of Oman: Has India's response to US changed?</a>&nbsp;US President Donald Trump intervened directly, urging Iran not to proceed with any military action and assuring Tehran that Israel would cease attacks on Lebanon once the agreement was signed, according to The New York Times. Qatar played a key role in mediating messages between Tehran and Washington during the final hours of negotiations, the report said. The diplomatic exchanges intensified after the Beirut strike raised fears that the emerging accord could collapse.&nbsp;Also read: <a href="https://www.wionews.com/india-news/modi-criticised-after-us-strike-kills-indian-sailors-marco-rubio-1781520851702">Opposition targets Modi's silence after Rubio's response on Indian sailors death</a>&nbsp;The report added that Ghalibaf and Iranian Foreign Minister Abbas Araghchi are expected to travel to Geneva to formally sign the agreement alongside US Vice President JD Vance. Separately, ABC News reported that Vance said the US-Iran agreement had already been digitally signed by the parties on Sunday, although a formal signing ceremony is still scheduled to take place on Friday.&nbsp;Also read: <a href="https://www.wionews.com/world/uk-pm-keir-starmer-to-bar-all-under-16s-from-major-social-media-platforms-1781508860388">UK government to bar all under-16s from major social media platforms</a>&nbsp;Speaking in an interview with ABC News' Good Morning America, Vance said no funds had been released to Iran since the agreement was digitally signed. He did not provide further details on the implementation timeline of the accord, according to the broadcaster.&nbsp;Also read: <a href="https://www.wionews.com/world/no-birthday-gift-for-trump-us-iran-deal-friday-israel-jeopardises-agreement-1781510773241">How Washington plans to embed Israel into America's defence and intelligence ecosystem</a>

Iran threatened to freeze its US peace deal and retaliate against Israel following a Beirut strike. Direct intervention by Donald Trump and Qatari mediation saved the accord, which is digitally signed.

Iran was preparing to launch an attack on Israel and suspend the signing of a landmark agreement with the US after an Israeli strike near Beirut threatened to derail delicate last-minute diplomacy. Iran's lead negotiator, Mohammad Bagher Ghalibaf, informed Qatari mediators that Tehran intended to retaliate against Israel and put the agreement with Washington on hold following the strike, which Iran reportedly viewed as crossing a red line because it targeted Lebanon. Also read: From Devyani Khobragade to Gulf of Oman: Has India's response to US changed? US President Donald Trump intervened directly, urging Iran not to proceed with any military action and assuring Tehran that Israel would cease attacks on Lebanon once the agreement was signed, according to The New York Times. Qatar played a key role in mediating messages between Tehran and Washington during the final hours of negotiations, the report said. The diplomatic exchanges intensified after the Beirut strike raised fears that the emerging accord could collapse. Also read: Opposition targets Modi's silence after Rubio's response on Indian sailors death The report added that Ghalibaf and Iranian Foreign Minister Abbas Araghchi are expected to travel to Geneva to formally sign the agreement alongside US Vice President JD Vance. Separately, ABC News reported that Vance said the US-Iran agreement had already been digitally signed by the parties on Sunday, although a formal signing ceremony is still scheduled to take place on Friday. Also read: UK government to bar all under-16s from major social media platforms Speaking in an interview with ABC News' Good Morning America, Vance said no funds had been released to Iran since the agreement was digitally signed. He did not provide further details on the implementation timeline of the accord, according to the broadcaster. Also read: How Washington plans to embed Israel into America's defence and intelligence ecosystem

Iran threatened to freeze its US peace deal and retaliate against Israel following a Beirut strike. Direct intervention by Donald Trump and Qatari mediation saved the accord, which is digitally signed.

Iran was preparing to attack Israel, suspended US deal after Beirut strike, says report

The good news is that the US and Iran on Sunday (Jun 14) reached a peace Memorandum of Understanding (MoU), to be signed on Friday. But the bad news is, there still appears to be differences over the full reopening timeline for the Strait of Hormuz. US President Donald Trump announced the immediate lifting of the US naval blockade. He said the strait will reopen on the signing of the MoU, and added it will be "permanently toll-free." The MoU reportedly covers a drawdown of US forces. But the fog of war continues.<h2>What is the toll vs service charge row on Strait of Hormuz?</h2>Trump and US officials are reportedly insisting on a permanent toll-free passage and immediate reopening of the strait. Iran appears to have agreed to no formal "tolls" but still seeks "service charges" or fees for navigation aid, security, and environmental services. This is not new. Iran had traditionally maintained control and management of the strait, and fees were indeed paid for transit. An Iran-Oman mechanism is currently in place under the new Persian Gulf Strait Authority, requiring vessels to apply and disclose ownership, cargo and insurance. &nbsp; The US and allies are rejecting the fees as violations of international law. This is causing a nomenclature row: 'toll' or ‘service charge’?Also read: <a href="https://www.wionews.com/world/after-ceasefire-iran-reveals-roadmap-to-final-us-agreement-and-possible-24-billion-payout-1781487819256">After ceasefire, Iran reveals roadmap to final US agreement and possible $24 billion payout</a><h2>Will US Navy blockade continue?</h2>Trump authorised an immediate removal of the US naval blockade. Upon signing of the MoU, the US Navy will stand down. But this appears to be contingent on the Strait being toll-free and immediate restoration of full international access. Iran is insisting on management of the strait , with no full ceding of control over the chokepoint foreseen in the near future. Israel, the main party to the conflict, is overall sceptical of the Iranian compliance to the MoU, including on the Hormuz terms.Also read: <a href="https://www.wionews.com/world/china-welcomes-us-iran-deal-to-end-west-asia-conflict-applauds-pakistan-s-mediation-efforts-1781509849926">China welcomes US-Iran deal to end West Asia conflict, applauds Pakistan's mediation efforts</a><h2>When will ship traffic resume in Strait of Hormuz?</h2>The initial reopening of the strait is likely after Friday's signing, but past days have not been hopeful. The strait was partially open to traffic, but ship firms were scared away by the bombings by the US on vessels, which left sailers inlcuidng indians dead. The mine-laying by Iran &nbsp;had complicated matters. Clearing the mines would take at least 30 days. Full normalisation might take another six months, as per some analyst estimates. The lingering distrust, fee disputes, and verification issues are likely to delay full normalisation.<a href="https://www.wionews.com/videos/us-iran-war-trump-says-iran-deal-will-bring-peace-to-whole-west-asia-1781503935677/embed">https://www.wionews.com/videos/us-iran-war-trump-says-iran-deal-will-bring-peace-to-whole-west-asia-1781503935677/embed</a>Currently, there is a 60-day window available for the Hormuz reopening. But that will close unless deeper talks are not agreed upon, and held on other issues such as Iran's nuclear and missile programmes. By some analyst estimates, mine clearance could take up to six months. &nbsp;Container traffic may reach 50 per cent of normal by July, and normalise by August. LNG carriers would be the last to normalise, with the window seen at around September.&nbsp; War-risk premiums being paid by the ships, now up to 8 per cent of vessel value, will stay high until insurers see months of incident-free transits.

The Iran-US MoU could reopen the Strait of Hormuz. But disputes over toll-free passage, mine clearance timeline, and security situation may delay for months the full resumption of shipping and energy traffic recovery 

The good news is that the US and Iran on Sunday (Jun 14) reached a peace Memorandum of Understanding (MoU), to be signed on Friday. But the bad news is, there still appears to be differences over the full reopening timeline for the Strait of Hormuz. US President Donald Trump announced the immediate lifting of the US naval blockade. He said the strait will reopen on the signing of the MoU, and added it will be "permanently toll-free." The MoU reportedly covers a drawdown of US forces. But the fog of war continues. What is the toll vs service charge row on Strait of Hormuz? Trump and US officials are reportedly insisting on a permanent toll-free passage and immediate reopening of the strait. Iran appears to have agreed to no formal "tolls" but still seeks "service charges" or fees for navigation aid, security, and environmental services. This is not new. Iran had traditionally maintained control and management of the strait, and fees were indeed paid for transit. An Iran-Oman mechanism is currently in place under the new Persian Gulf Strait Authority, requiring vessels to apply and disclose ownership, cargo and insurance. The US and allies are rejecting the fees as violations of international law. This is causing a nomenclature row: 'toll' or ‘service charge’? Also read: After ceasefire, Iran reveals roadmap to final US agreement and possible $24 billion payout Will US Navy blockade continue? Trump authorised an immediate removal of the US naval blockade. Upon signing of the MoU, the US Navy will stand down. But this appears to be contingent on the Strait being toll-free and immediate restoration of full international access. Iran is insisting on management of the strait , with no full ceding of control over the chokepoint foreseen in the near future. Israel, the main party to the conflict, is overall sceptical of the Iranian compliance to the MoU, including on the Hormuz terms. Also read: China welcomes US-Iran deal to end West Asia conflict, applauds Pakistan's mediation efforts When will ship traffic resume in Strait of Hormuz? The initial reopening of the strait is likely after Friday's signing, but past days have not been hopeful. The strait was partially open to traffic, but ship firms were scared away by the bombings by the US on vessels, which left sailers inlcuidng indians dead. The mine-laying by Iran had complicated matters. Clearing the mines would take at least 30 days. Full normalisation might take another six months, as per some analyst estimates. The lingering distrust, fee disputes, and verification issues are likely to delay full normalisation. https://www.wionews.com/videos/us-iran-war-trump-says-iran-deal-will-bring-peace-to-whole-west-asia-1781503935677/embed Currently, there is a 60-day window available for the Hormuz reopening. But that will close unless deeper talks are not agreed upon, and held on other issues such as Iran's nuclear and missile programmes. By some analyst estimates, mine clearance could take up to six months. Container traffic may reach 50 per cent of normal by July, and normalise by August. LNG carriers would be the last to normalise, with the window seen at around September. War-risk premiums being paid by the ships, now up to 8 per cent of vessel value, will stay high until insurers see months of incident-free transits.

The Iran-US MoU could reopen the Strait of Hormuz. But disputes over toll-free passage, mine clearance timeline, and security situation may delay for months the full resumption of shipping and energy traffic recovery&nbsp;

Iran-US peace deal: Strait of Hormuz reopening uncertain amid ‘toll vs service charge’ row,  mines danger, sailor killings

The Iran-US peace deal reportedly includes unfreezing around $12 billion in Iranian assets initially, and the same amount later. The peace accord announced on Sunday (Jun 14) is set to be signed on Friday in Switzerland, possibly electronically by US President Donald Trump or Vice President JD Vance with top Iranian officials. Iranian and Israeli media reports said the 14-point Memorandum of Understanding would pave the way for releasing $24 billion in frozen Iranian assets over a 60-day negotiation window, half of which would be unfrozen before the signing. Iran said nuclear talks would begin only after funds are released, but a US official rejected this. The overall amount of frozen Iranian assets runs up to $100 billion or possibly more, as per the reporting over the years. Where is this money? Why was it frozen? Here is what we know, based on these reports:<h2>What is the total of Iranian frozen assets in the world?</h2>Iran's total frozen or restricted assets abroad are estimated at around $100 billion. This includes oil revenues in restricted accounts, foreign exchange reserves, banking assets, and other claims. The freezes trace back to multiple waves of mainly US-led sanctions since 1979. It is not yet clear which assets are in the latest release plan, if at all they are unfrozen.&nbsp;<a href="https://www.wionews.com/videos/us-iran-war-trump-says-iran-deal-will-bring-peace-to-whole-west-asia-1781503935677/embed">https://www.wionews.com/videos/us-iran-war-trump-says-iran-deal-will-bring-peace-to-whole-west-asia-1781503935677/embed</a><h2>Freezing of Iranian assets dates back to the 1970s</h2>The first major freeze followed the Islamic Revolution in Iran and the US embassy hostage crisis. On 14 November 1979, the then-president Jimmy Carter blocked Iranian government assets under US jurisdiction after Iranian revolutionaries seized the US embassy in Tehran on 4 November. The crisis lasted 444 days, in which 52 Americans were held captive. &nbsp;In 1980 dollar-value terms, nearly $12 billion in Iranian government assets were frozen at the time, mostly in US banks. These included reserves, gold, and other holdings. Most of these were released under the 1981 Algiers Accords, which ended the hostage crisis. Some claims dragged on for decades through bodies such as the Iran-US Claims Tribunal.Also read: <a href="https://www.wionews.com/world/after-ceasefire-iran-reveals-roadmap-to-final-us-agreement-and-possible-24-billion-payout-1781487819256">After ceasefire, Iran reveals roadmap to final US agreement and possible $24 billion payout</a><h2>Most assets frozen today stem from sanctions imposed after 2018</h2>Much of the money discussed today is linked to 2018 when, in his first term, President Donald Trump withdrew the US from the 2015 nuclear deal, or JCPOA, signed under Barack Obama. These aimed to curb Iran's nuclear and missile programmes and its regional influence by cutting its oil income. Past releases — in 2015–16 under the JCPOA and a 2023 swap — were temporary and conditional, usually tied to diplomacy.&nbsp;These renewed sanctions cut Iran's access to oil revenues and foreign banking channels. The frozen funds include oil payments held in foreign banks that could not be freely transferred to Iran. Trump's "maximum pressure" campaign brought sweeping sanctions, including secondary sanctions on third countries and banks dealing with Iran. More Iranian-linked funds were restricted over Iran's support of regional proxies and alleged human rights violations.Also read: <a href="https://www.wionews.com/world/enemy-had-no-choice-but-surrender-iran-claims-victory-as-us-agrees-to-permanently-end-war-1781482980593">'Enemy had no choice but surrender': Iran claims victory as US agrees to 'permanently' end war</a><h2>How third countries dealt with Iran's frozen assets</h2>Countries such as South Korea, Japan, India, and others kept buying limited Iranian oil, sometimes under waivers. But US sanctions blocked direct payment to Iran. So banks in these countries held Iranian funds in escrow or restricted accounts, often in local currencies, to avoid US penalties. Only a portion of that has been unfrozen so far. The first phase of the reported MoU involves around $12 billion, largely Iranian money held in foreign financial institutions, including Qatar. A separate pool is the roughly $6 billion moved from South Korea to Qatar in 2023 in a US-Iran prisoner swap. Those funds stayed heavily restricted for humanitarian use in Iran, under US oversight. Iran's access to the Qatar funds was blocked after the 7 October 2023 Hamas attack on Israel and the war that followed. The US feared the money could indirectly support Iran-linked activities.<h2>India, China, Japan and Iraq hold oil and gas payment backlogs post-2018</h2>As mentioned, South Korea once held around $6 billion, transferred to Qatar in 2023. India is estimated to hold around $7 billion in Iranian-linked funds. Chinese banks owe Iran tens of billions, though these are generally called restricted rather than frozen. Smaller amounts sit in Japan, Luxembourg, and other European jurisdictions. Some of these have featured in legal disputes unrelated to the nuclear talks, including terrorism-related claims. &nbsp;Iraq's outstanding payments for Iranian energy and electricity could also come into focus if restrictions ease. Some Iran trade funds have previously been routed through Oman for humanitarian purposes.

The proposed Iran-US peace accord could unlock billions in frozen Iranian assets. While there are contradictory reports on whether and when $24 billion will be released, the actual Iranian frozen assets could run into $100 billion or more. Where is the money?

The Iran-US peace deal reportedly includes unfreezing around $12 billion in Iranian assets initially, and the same amount later. The peace accord announced on Sunday (Jun 14) is set to be signed on Friday in Switzerland, possibly electronically by US President Donald Trump or Vice President JD Vance with top Iranian officials. Iranian and Israeli media reports said the 14-point Memorandum of Understanding would pave the way for releasing $24 billion in frozen Iranian assets over a 60-day negotiation window, half of which would be unfrozen before the signing. Iran said nuclear talks would begin only after funds are released, but a US official rejected this. The overall amount of frozen Iranian assets runs up to $100 billion or possibly more, as per the reporting over the years. Where is this money? Why was it frozen? Here is what we know, based on these reports: What is the total of Iranian frozen assets in the world? Iran's total frozen or restricted assets abroad are estimated at around $100 billion. This includes oil revenues in restricted accounts, foreign exchange reserves, banking assets, and other claims. The freezes trace back to multiple waves of mainly US-led sanctions since 1979. It is not yet clear which assets are in the latest release plan, if at all they are unfrozen. https://www.wionews.com/videos/us-iran-war-trump-says-iran-deal-will-bring-peace-to-whole-west-asia-1781503935677/embed Freezing of Iranian assets dates back to the 1970s The first major freeze followed the Islamic Revolution in Iran and the US embassy hostage crisis. On 14 November 1979, the then-president Jimmy Carter blocked Iranian government assets under US jurisdiction after Iranian revolutionaries seized the US embassy in Tehran on 4 November. The crisis lasted 444 days, in which 52 Americans were held captive. In 1980 dollar-value terms, nearly $12 billion in Iranian government assets were frozen at the time, mostly in US banks. These included reserves, gold, and other holdings. Most of these were released under the 1981 Algiers Accords, which ended the hostage crisis. Some claims dragged on for decades through bodies such as the Iran-US Claims Tribunal. Also read: After ceasefire, Iran reveals roadmap to final US agreement and possible $24 billion payout Most assets frozen today stem from sanctions imposed after 2018 Much of the money discussed today is linked to 2018 when, in his first term, President Donald Trump withdrew the US from the 2015 nuclear deal, or JCPOA, signed under Barack Obama. These aimed to curb Iran's nuclear and missile programmes and its regional influence by cutting its oil income. Past releases — in 2015–16 under the JCPOA and a 2023 swap — were temporary and conditional, usually tied to diplomacy. These renewed sanctions cut Iran's access to oil revenues and foreign banking channels. The frozen funds include oil payments held in foreign banks that could not be freely transferred to Iran. Trump's "maximum pressure" campaign brought sweeping sanctions, including secondary sanctions on third countries and banks dealing with Iran. More Iranian-linked funds were restricted over Iran's support of regional proxies and alleged human rights violations. Also read: 'Enemy had no choice but surrender': Iran claims victory as US agrees to 'permanently' end war How third countries dealt with Iran's frozen assets Countries such as South Korea, Japan, India, and others kept buying limited Iranian oil, sometimes under waivers. But US sanctions blocked direct payment to Iran. So banks in these countries held Iranian funds in escrow or restricted accounts, often in local currencies, to avoid US penalties. Only a portion of that has been unfrozen so far. The first phase of the reported MoU involves around $12 billion, largely Iranian money held in foreign financial institutions, including Qatar. A separate pool is the roughly $6 billion moved from South Korea to Qatar in 2023 in a US-Iran prisoner swap. Those funds stayed heavily restricted for humanitarian use in Iran, under US oversight. Iran's access to the Qatar funds was blocked after the 7 October 2023 Hamas attack on Israel and the war that followed. The US feared the money could indirectly support Iran-linked activities. India, China, Japan and Iraq hold oil and gas payment backlogs post-2018 As mentioned, South Korea once held around $6 billion, transferred to Qatar in 2023. India is estimated to hold around $7 billion in Iranian-linked funds. Chinese banks owe Iran tens of billions, though these are generally called restricted rather than frozen. Smaller amounts sit in Japan, Luxembourg, and other European jurisdictions. Some of these have featured in legal disputes unrelated to the nuclear talks, including terrorism-related claims. Iraq's outstanding payments for Iranian energy and electricity could also come into focus if restrictions ease. Some Iran trade funds have previously been routed through Oman for humanitarian purposes.

The proposed Iran-US peace accord could unlock billions in frozen Iranian assets. While there are contradictory reports on whether and when $24 billion will be released, the actual Iranian frozen assets could run into $100 billion or more. Where is the money?

Iran-US peace deal: Where are the $100 billion Iranian frozen assets? The Big Question

Amid strong hopes of an agreement between the United States and Iran, President Donald Trump on Sunday (May 24) said that “The negotiations are proceeding in an orderly and constructive manner” and that he informed US representatives “not to rush into a deal, as time is on our side”.&nbsp;The US president, in a Truth Social post, also added that “The Blockade will remain in full force and effect until an agreement is reached, certified, and signed. Both sides must take their time and get it right. There can be no mistakes!”&nbsp;He pointed out that Washington’s “relationship with Iran is becoming a much more professional and productive one,” adding that “they cannot develop or procure a Nuclear Weapon or Bomb”.&nbsp;“I would like to thank, thus far, all of the countries of the Middle East for their support and cooperation,” Trump said, and speculated that “it will be further enhanced and strengthened by their joining the Nations of the historic Abraham Accords and, who knows, perhaps the Islamic Republic of Iran would like to join, as well!”&nbsp;The American leader accused former president Barack Obama of making “one of the worst deals” that was “a direct path to Iran developing a Nuclear Weapon”.&nbsp;“One of the worst deals ever made by our Country was the Iran Nuclear Deal, put forth and signed into existence by Barack Hussein Obama and the rank amateurs of the Obama Administration. It was a direct path to Iran developing a Nuclear Weapon. Not so with the transaction currently being negotiated with Iran by the Trump Administration,” he wrote on social media.&nbsp;The development came hours after Donald Trump said on Truth Social that he had a “very good call” with Gulf leaders as well as Pakistan Army Chief Field Marshal Asim Munir over discussions focused on Iran and “all things related to a Memorandum of Understanding pertaining to peace”.&nbsp;Also Read: <a href="https://www.wionews.com/world/iran-says-it-shot-down-israeli-drone-amid-signs-of-possible-us-iran-peace-deal-report-1779623758466">Iran says it shot down Israeli drone amid signs of possible US-Iran peace deal: Report</a>&nbsp;Trump also said he had spoken with Israeli Prime Minister Benjamin Netanyahu and claimed that an agreement had been “largely negotiated”, while the final details were still under discussion and could be announced shortly. He further stated that the Strait of Hormuz would be reopened as part of the proposed deal.&nbsp;Meanwhile, US Secretary of State Marco Rubio, who is on a four-day visit to India, told reporters in New Delhi on Sunday that there was a possibility of “good news” regarding a peace agreement with Iran.&nbsp;“I do think perhaps there is the possibility that in the next few hours the world will get some good news,” he said when asked by reporters about a deal being reached between the US and Iran.

Trump highlighted that negotiations were proceeding in an orderly and constructive manner and that Washington’s “relationship with Iran is becoming a much more professional and productive one”.

Amid strong hopes of an agreement between the United States and Iran, President Donald Trump on Sunday (May 24) said that “The negotiations are proceeding in an orderly and constructive manner” and that he informed US representatives “not to rush into a deal, as time is on our side”. The US president, in a Truth Social post, also added that “The Blockade will remain in full force and effect until an agreement is reached, certified, and signed. Both sides must take their time and get it right. There can be no mistakes!” He pointed out that Washington’s “relationship with Iran is becoming a much more professional and productive one,” adding that “they cannot develop or procure a Nuclear Weapon or Bomb”. “I would like to thank, thus far, all of the countries of the Middle East for their support and cooperation,” Trump said, and speculated that “it will be further enhanced and strengthened by their joining the Nations of the historic Abraham Accords and, who knows, perhaps the Islamic Republic of Iran would like to join, as well!” The American leader accused former president Barack Obama of making “one of the worst deals” that was “a direct path to Iran developing a Nuclear Weapon”. “One of the worst deals ever made by our Country was the Iran Nuclear Deal, put forth and signed into existence by Barack Hussein Obama and the rank amateurs of the Obama Administration. It was a direct path to Iran developing a Nuclear Weapon. Not so with the transaction currently being negotiated with Iran by the Trump Administration,” he wrote on social media. The development came hours after Donald Trump said on Truth Social that he had a “very good call” with Gulf leaders as well as Pakistan Army Chief Field Marshal Asim Munir over discussions focused on Iran and “all things related to a Memorandum of Understanding pertaining to peace”. Also Read: Iran says it shot down Israeli drone amid signs of possible US-Iran peace deal: Report Trump also said he had spoken with Israeli Prime Minister Benjamin Netanyahu and claimed that an agreement had been “largely negotiated”, while the final details were still under discussion and could be announced shortly. He further stated that the Strait of Hormuz would be reopened as part of the proposed deal. Meanwhile, US Secretary of State Marco Rubio, who is on a four-day visit to India, told reporters in New Delhi on Sunday that there was a possibility of “good news” regarding a peace agreement with Iran. “I do think perhaps there is the possibility that in the next few hours the world will get some good news,” he said when asked by reporters about a deal being reached between the US and Iran.

Trump highlighted that negotiations were proceeding in an orderly and constructive manner and that Washington’s “relationship with Iran is becoming a much more professional and productive one”.

‘Don’t rush into deal’: Trump says Iran blockade to remain until agreement is signed

Iran’s President Masoud Pezeshkian said on Sunday that Tehran is ready to assure the world that it is not seeking nuclear weapons and added that Iran does not aim to create unrest in the region and will not compromise on its ‘honour’ in striking a deal for peace with the United States. Pezeshkian further said that no decision will be made in Iran outside the framework of the Supreme National Security Council (SNSC) and without the permission of the Supreme Leader as the framework for a US-Iran deal is emerging.&nbsp;“We are ready to assure the world that we are not seeking nuclear weapons. We are not seeking instability in the region,” Pezeshkian said in comments released Sunday on Iranian state TV.&nbsp;“We are not seeking unrest in the region,” Pezeshkian told IRNA and alleged that “the one seeking to destabilise the region” is Israel.&nbsp;Also Read: <a href="https://www.wionews.com/world/trump-says-iran-getting-a-lot-closer-to-deal-with-us-tehran-also-shares-optimism-1779569215142">Trump says Iran ‘getting a lot closer’ to deal with US; Tehran also shares optimism</a>&nbsp;Iran, which avows to destroy Israel, has a stockpile of more than 400 kg of uranium that has been enriched to a level which is a short technical step short of weapons-grade. The UN atomic agency says Iran’s enriched uranium has no civilian use.&nbsp;&nbsp;Israeli officials, meanwhile, say that Iran’s uranium is sufficient for making 11 nuclear bombs if enriched further.Pezeshkian also said that Tehran’s negotiating team “will not compromise the country’s honour and pride in any way.” His comment comes at a time when a deal to end the war with the US seemingly moves closer.&nbsp;US President Donald Trump made calls to other allies in the region and said a deal on the conflict in the Middle East, including opening the Strait of Hormuz, has been “largely negotiated”.&nbsp;Also Read: <a href="https://www.wionews.com/world/-talks-will-collapse-if-the-us-doesn-t-show-flexibility-iran-s-media-1779559398097">‘Talks will collapse if the US doesn't show flexibility’: Iran’s media</a>&nbsp;Pezeshkian’s stress on giving an assurance to the world about not seeking nuclear weapons follows reports in some American media outlets that Iran has accepted commitments like reducing nuclear stockpiles, removing equipment, or shutting down certain facilities in a potential agreement with Washington.&nbsp;Sources from the negotiating process emphasised that no clause about Iran’s nuclear commitments has been included in the draft of the potential agreement and that all matters related to the nuclear programme have been deferred to the 60-day negotiations following the signing of the agreement.&nbsp;Also Read: <a href="https://www.wionews.com/world/iran-s-top-negotiator-ghalibaf-warns-us-of-crushing-bitter-consequences-if-it-foolishly-restarts-war-1779538273012">Iran’s top negotiator Ghalibaf warns US of ‘crushing and bitter’ response if it ‘foolishly’ restarts war</a><h2>‘Iran world’s leading sponsor of terrorism,’ says Rubio</h2>&nbsp;Meanwhile, US Secretary of State Marco Rubio has accused Iran of sponsoring ‘terrorism’ across the world.“No nation on earth sponsors more terrorism than Iran,” Rubio said at a news conference in New Delhi and alleged that Iran invests in sponsoring Hezbollah and Hamas.“The world’s leading sponsor of terrorism is Iran. Look at what they are doing now. They are holding hostage civilian vessels. … They’ve laid mines in an international waterway,” he said.&nbsp;

Iranian sources privy to the negotiation process said that no clause about Iran’s nuclear commitments has been included in the draft of a potential agreement and that all matters related to the nuclear programme have been deferred to the 60-day negotiations after the signing of the agreement.

Iran’s President Masoud Pezeshkian said on Sunday that Tehran is ready to assure the world that it is not seeking nuclear weapons and added that Iran does not aim to create unrest in the region and will not compromise on its ‘honour’ in striking a deal for peace with the United States. Pezeshkian further said that no decision will be made in Iran outside the framework of the Supreme National Security Council (SNSC) and without the permission of the Supreme Leader as the framework for a US-Iran deal is emerging. “We are ready to assure the world that we are not seeking nuclear weapons. We are not seeking instability in the region,” Pezeshkian said in comments released Sunday on Iranian state TV. “We are not seeking unrest in the region,” Pezeshkian told IRNA and alleged that “the one seeking to destabilise the region” is Israel. Also Read: Trump says Iran ‘getting a lot closer’ to deal with US; Tehran also shares optimism Iran, which avows to destroy Israel, has a stockpile of more than 400 kg of uranium that has been enriched to a level which is a short technical step short of weapons-grade. The UN atomic agency says Iran’s enriched uranium has no civilian use. Israeli officials, meanwhile, say that Iran’s uranium is sufficient for making 11 nuclear bombs if enriched further. Pezeshkian also said that Tehran’s negotiating team “will not compromise the country’s honour and pride in any way.” His comment comes at a time when a deal to end the war with the US seemingly moves closer. US President Donald Trump made calls to other allies in the region and said a deal on the conflict in the Middle East, including opening the Strait of Hormuz, has been “largely negotiated”. Also Read: ‘Talks will collapse if the US doesn't show flexibility’: Iran’s media Pezeshkian’s stress on giving an assurance to the world about not seeking nuclear weapons follows reports in some American media outlets that Iran has accepted commitments like reducing nuclear stockpiles, removing equipment, or shutting down certain facilities in a potential agreement with Washington. Sources from the negotiating process emphasised that no clause about Iran’s nuclear commitments has been included in the draft of the potential agreement and that all matters related to the nuclear programme have been deferred to the 60-day negotiations following the signing of the agreement. Also Read: Iran’s top negotiator Ghalibaf warns US of ‘crushing and bitter’ response if it ‘foolishly’ restarts war ‘Iran world’s leading sponsor of terrorism,’ says Rubio Meanwhile, US Secretary of State Marco Rubio has accused Iran of sponsoring ‘terrorism’ across the world. “No nation on earth sponsors more terrorism than Iran,” Rubio said at a news conference in New Delhi and alleged that Iran invests in sponsoring Hezbollah and Hamas. “The world’s leading sponsor of terrorism is Iran. Look at what they are doing now. They are holding hostage civilian vessels. … They’ve laid mines in an international waterway,” he said.

Iranian sources privy to the negotiation process said that no clause about Iran’s nuclear commitments has been included in the draft of a potential agreement and that all matters related to the nuclear programme have been deferred to the 60-day negotiations after the signing of the agreement.

Iran’s president Pezeshkian says Iran ready to assure world it’s not seeking nuclear weapons

As US President Donald Trump hinted that the US and Iran deal may be announced soon, it was reported that Iran has agreed to give up its stockpile of highly enriched uranium and reopen the Strait of Hormuz. In a report, the New York Times cited two unnamed US officials and said that Iran has committed in a general statement to giving up the uranium but exact details on how it will relinquish it has not been finalized. The NYT also quoted three senior Iranian officials and said that Tehran has agreed to “a memorandum of understanding that would stop the fighting and reopen the Strait of Hormuz.” Axios reported that there would be 60-day ceasefire extension during which the Strait of Hormuz would be reopened, Iran would be able to freely sell oil, and negotiations would be held on curbing Iran's nuclear program, according to a US official.&nbsp;Also Read: <a href="https://www.wionews.com/photos/multiple-gunshots-fired-near-white-house-secret-service-fbi-respond-where-is-us-president-donald-trump-1779581551548">Multiple gunshots fired near White House; Secret Service, FBI respond: Where is Donald Trump?</a><h2>What more is included in the deal?</h2>The report about uranium comes days after it was reported that Iran’s supreme leader, Ayatollah Mojtaba Khamenei issued a directive that the near-weapons-grade uranium should not be sent abroad. Iran has a stockpile of more than 400 kilograms of highly enriched uranium in its possession. Additionally, in the deal that is to be finalised between the two sides, the US would release $25 billion in Iranian assets frozen overseas. The Times quoted officials saying that the agreement “would halt fighting on all fronts, including in Lebanon.” They add that its terms focus “on opening the strait— including lifting the US naval blockade against Iran and allowing free commercial traffic without Iran charging any tolls.” The officials also added that Iran’s nuclear program will be negotiated within 30 to 60 days. However, Iran’s Fars news agency slammed Trump for claiming that the deal is done and the Strait of Hormuz will reopen&nbsp;Also Read: <a href="https://www.wionews.com/world/trump-says-iran-us-agreement-largely-negotiated-pakistan-pm-hopes-to-host-next-round-of-talks-iran-us-war-strait-of-hormuz-1779585420095">Pakistan PM hopes to host next round of talks - Is the war finally ending?</a><h2>Trump says Iran-US agreement ‘largely negotiated’</h2>US President Donald Trump took to Truth Social and said that he had a “very good call” with leaders of the Gulf nations as well as with Pakistan Army Chief Field Marshal Asim Munir and revealed that an agreement has been “largely negotiated,” but “final aspects and details of the deal are currently being discussed, and will be announced shortly." He added that the Strait of Hormuz will be opened as part of the deal. After Trump's post, Pakistan Prime Minister Shehbaz Sharifexpressed hope that his country might be hosting the leaders of Iran and the US for next round of talks.

Iran has reportedly agreed to give up its highly enriched uranium under a proposed US-backed peace deal aimed at ending the war. Donald Trump said the agreement is “largely negotiated,” with talks also focused on reopening the Strait of Hormuz.

As US President Donald Trump hinted that the US and Iran deal may be announced soon, it was reported that Iran has agreed to give up its stockpile of highly enriched uranium and reopen the Strait of Hormuz. In a report, the New York Times cited two unnamed US officials and said that Iran has committed in a general statement to giving up the uranium but exact details on how it will relinquish it has not been finalized. The NYT also quoted three senior Iranian officials and said that Tehran has agreed to “a memorandum of understanding that would stop the fighting and reopen the Strait of Hormuz.” Axios reported that there would be 60-day ceasefire extension during which the Strait of Hormuz would be reopened, Iran would be able to freely sell oil, and negotiations would be held on curbing Iran's nuclear program, according to a US official. Also Read: Multiple gunshots fired near White House; Secret Service, FBI respond: Where is Donald Trump? What more is included in the deal? The report about uranium comes days after it was reported that Iran’s supreme leader, Ayatollah Mojtaba Khamenei issued a directive that the near-weapons-grade uranium should not be sent abroad. Iran has a stockpile of more than 400 kilograms of highly enriched uranium in its possession. Additionally, in the deal that is to be finalised between the two sides, the US would release $25 billion in Iranian assets frozen overseas. The Times quoted officials saying that the agreement “would halt fighting on all fronts, including in Lebanon.” They add that its terms focus “on opening the strait— including lifting the US naval blockade against Iran and allowing free commercial traffic without Iran charging any tolls.” The officials also added that Iran’s nuclear program will be negotiated within 30 to 60 days. However, Iran’s Fars news agency slammed Trump for claiming that the deal is done and the Strait of Hormuz will reopen Also Read: Pakistan PM hopes to host next round of talks - Is the war finally ending? Trump says Iran-US agreement ‘largely negotiated’ US President Donald Trump took to Truth Social and said that he had a “very good call” with leaders of the Gulf nations as well as with Pakistan Army Chief Field Marshal Asim Munir and revealed that an agreement has been “largely negotiated,” but “final aspects and details of the deal are currently being discussed, and will be announced shortly." He added that the Strait of Hormuz will be opened as part of the deal. After Trump's post, Pakistan Prime Minister Shehbaz Sharifexpressed hope that his country might be hosting the leaders of Iran and the US for next round of talks.

Iran has reportedly agreed to give up its highly enriched uranium under a proposed US-backed peace deal aimed at ending the war. Donald Trump said the agreement is “largely negotiated,” with talks also focused on reopening the Strait of Hormuz.

Has Iran agreed to surrender enriched uranium and reopen Hormuz in new US deal?

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