US agrees to release $6 billion in frozen Iranian funds in prisoner swap deal
Headline from KTVB Boise
Secretary of State Antony Blinken signed off on the move late last week, a month after U.S. and Iranian officials said an agreement in principle was in place.
KTVB Boise's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
WASHINGTON (AP) — The Biden administration has cleared the way for the release of five American citizens detained in Iran by issuing a blanket waiver for international banks to transfer $6 billion in frozen Iranian money from South Korea to Qatar without fear of U.S. sanctions.
The United States and Iran have struck a deal to exchange prisoners and allow for the release of $6 billion of frozen Iranian funds without violating U.S. sanctions.
Secretary of State Antony Blinken signed off on the move late last week, a month after U.S. and Iranian officials said an agreement in principle was in place.
The Biden administration notified Congress on Monday that it had cleared an important hurdle, paving the way for a controversial deal with Iran that would see the release of five Americans detained in the country in exchange for unfreezing $6 billion in frozen cash.
The Biden administration has cleared the way for the release of five American citizens detained in Iran by issuing a blanket waiver for international banks to transfer $6 billion in frozen Iranian money in South Korea without fear of U.S. sanctions.
