US to Release $12B in Frozen Iranian Assets Under Reported Draft Deal, State Media Says
A billboard in Tehran shows a photo the late Ayatollah Ali Khamenei, who was killed at the beginning of the war, on May 7, 2026.(Arash Khamooshi/The New York Times)
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Iranian state media reports the United States would release $12 billion of frozen Iranian assets under a proposed memorandum of understanding, according to the Middle East Eye.
The document reportedly outlines unfreezing $24 billion during a 60-day negotiation period beginning after the deal takes effect, with half, or $12 billion, available before talks start.
The text has not been confirmed by Washington or Tehran, and officials say sanctions relief depends on Iranian compliance with future terms.
Read more at the Middle East Eye.
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