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    Posted 9/18/2023, 9:16:00 AM

    Iran to Receive $6 Billion From Frozen Funds as Part of Prisoner Swap Deal With U.S.

    • Iran says $6 billion of frozen funds will be transferred to its accounts in Qatar on Monday as part of detainee swap deal.

    • Qatar has mediated the deal over months of negotiations and has aircraft on standby to fly 5 soon-to-be released U.S. citizens from Iran to Doha.

    • In return, U.S. will release 5 Iranians detained in the U.S. Two will stay in U.S. at their request, one will go to a third country.

    • Deal removes a major irritant between U.S. and Iran, though differences remain over nuclear ambitions, sanctions, and regional influence.

    • U.S. waived sanctions to allow transfer of Iran's $6 billion funds from South Korea to Qatar, which will monitor spending.

    reuters.com
    Relevant topic timeline:
    9/10/2023
    Qatar Mediates U.S.-Iran Prisoner Swap Deal, Iranian Prisoners Released to House Arrest
    When $6 billion of unfrozen Iranian funds are wired to banks in Qatar, it will initiate a process of the release of U.S. dual nationals detained in Iran and the homecoming of Iranian prisoners in the U.S., mediated by Qatar.
    9/11/2023
    U.S. Agrees to Unfreeze $6 Billion in Iranian Assets to Secure Release of 5 Americans Held in Iran
    The Biden administration has agreed to unfreeze approximately $6 billion in Iranian assets in exchange for the release of five American citizens held by Iran, with the deal also calling for the freeing of five unidentified Iranians held by the US, triggering potential outrage due to the timing coinciding with the anniversary of the September 11 attacks.
    9/11/2023
    Biden Frees Up $6 Billion to Secure Release of 5 Detained Americans in Prisoner Swap with Iran
    The Biden administration has issued a waiver allowing $6 billion in Iranian funds to be transferred to Qatar, signaling progress in a deal to free five Americans who have been wrongfully detained in Iran.
    9/12/2023
    Blinken OKs $6B Iran Fund Transfer to Secure Release of 5 Detained Americans
    The US Secretary of State has authorized the waiver of sanctions to allow for the transfer of $6 billion in Iran oil revenue in exchange for the release of five detained American citizens, with restrictions on how Iran can use the funds.
    9/12/2023
    Iran Plans to Spend Released $6 Billion With Little U.S. Oversight Despite Prisoner Swap Deal
    Iranian President Ebrahim Raisi claims authority over how the $6 billion in previously frozen funds will be spent, despite U.S. officials stating that the money will be closely monitored and used exclusively for humanitarian purposes as part of the prisoner exchange agreement with the United States.
    9/18/2023
    Five Americans Freed from Iran Prison in Rare US-Iran Prisoner Swap Deal
    Five Americans, who were wrongfully detained in Iran, have been freed and are being flown to Doha as part of a broader deal that includes the US unfreezing $6 billion in Iranian funds, marking a significant diplomatic breakthrough after years of complicated negotiations between the two countries.
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