The release of roughly $24 billion in frozen Iranian assets has become the central unresolved issue in ongoing US-Iran negotiations, Iranian media reported on Tuesday, as Qatar intensifies mediation efforts to finalize a broader understanding between Washington and Tehran.
According to the reports, most major disagreements between Washington and Tehran have already been addressed, with negotiations now focused on the conditions, guarantees, and timetable for unfreezing Iranian funds held abroad, estimated at between $100 billion and $120 billion, largely consisting of oil revenues restricted under international sanctions.
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In September 2023, a Qatar-mediated prisoner swap saw nearly $6 billion transferred from South Korea to restricted accounts in Doha, available only for humanitarian purchases under US Treasury oversight, but the funds were frozen again weeks later following Hamas's October 7 attack on Israel. A parallel legal track yielded a split outcome at the International Court of Justice in March 2023: the court declined jurisdiction over $1.75 billion in Iranian central bank assets frozen in the United States, but ruled separately that Washington had illegally seized assets belonging to other Iranian entities and ordered compensation.
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