EHRAN, IRAN — Iran's Minister of Economy and Finance, Ali Madanizadeh, has announced that $12 billion in frozen assets will be released to the country in two distinct phases, following the implementation of a recent agreement reached with the United States. Under the terms of the accord, an initial tranche of $6 billion will be released first, followed subsequently by the remaining $6 billion.
The Minister further clarified that these funds constitute outstanding oil revenues accumulated from previous years. He dismissed widespread speculation suggesting that Iran is legally obligated to spend the funds exclusively on American goods, characterizing the claims as entirely baseless rumors. Madanizadeh concluded by noting that the precise mechanisms regarding the transfer and release of the funds will be further clarified during upcoming negotiations.