A proposed US-Iran understanding could pave the way for the release of up to USD 24 billion in frozen Iranian funds as negotiations between the two sides continue, according to reports from IRGC-linked media outlet Tasnim News.
Citing a source close to the negotiating team, the report said Iran has proposed that half of the funds, around USD12 billion, be made accessible immediately upon the announcement of a memorandum of understanding (MoU), while the remaining amount would be transferred over a 60-day negotiation period.
The report added that discussions over access to the initial tranche of funds and easing transfer-related restrictions were among the key issues during Parliament Speaker Mohammad Bagher Ghalibaf’s recent visit to Qatar.
The draft MoU under discussion reportedly includes a 60-day ceasefire extension, the possible reopening of the Strait of Hormuz, and a framework for continued talks on Iran’s nuclear programme. However, major disagreements remain unresolved, particularly over sanctions relief, the release of frozen assets, and US demands for limits on Iran’s nuclear activity.
A key sticking point is Iran’s enriched uranium stockpile. At the start of the conflict, Iran was believed to hold about 440 kg of uranium enriched to 60% purity, close to the 90% level considered weapons-grade. US President Donald Trump has said the material must either be “immediately” handed over to the United States or destroyed in coordination with Iran.
US officials have reportedly adopted the phrase “No dust, no dollars,” indicating that Iran would receive no financial benefit from any agreement until its uranium stockpile is eliminated. Iranian officials, meanwhile, have said uranium-related negotiations can only begin after a formal document ending the conflict is signed.
Trump has also urged Gulf leaders to join the Abraham Accords following any potential US–Iran agreement, according to sources familiar with his recent calls with leaders of Saudi Arabia, the UAE, Qatar, Pakistan, Turkey, Egypt and Bahrain.
