Deal Would Give Iran Access to $6 Billion in Frozen Assets

“The U.S. is working with Qatar on a plan to make billions of dollars in frozen funds available to Iran for humanitarian spending, another early financial incentive under the recently signed deal to end the war,” the Wall Street Journal reports.

“The plan, which isn’t yet completed, is aimed at giving Iran access to the spending power of some of its estimated $100 billion in cash frozen worldwide, beginning with $6 billion held in Qatar.”

“Under the deal, Qatar would allow purchases of food, medicine and other humanitarian goods ordered by Iran’s central bank with money drawn from frozen Iranian assets, mainly cash from oil sales that has been locked up overseas by sanctions.”