ISLAMABAD, PAKISTAN — Conflicting claims emerged Saturday as Iranian officials said the United States agreed to release $6 billion in frozen assets, while U.S. officials denied any such deal amid ongoing negotiations.
According to Reuters, a senior Iranian source said the funds—held in Qatar from past oil sales—would be released as part of broader talks tied to regional security and access through the Strait of Hormuz. However, U.S. officials quickly rejected the claim, stating the assets remain restricted for humanitarian use only.
The funds were initially part of a 2023 prisoner swap agreement but were later re-frozen following the October 7 attacks involving Hamas and Israel. Iranian leaders have since linked their release to wider diplomatic conditions, including a ceasefire in Lebanon.
U.S. Vice President JD Vance is leading a delegation in Islamabad for high-stakes talks aimed at de-escalating tensions after weeks of conflict. The delegation includes senior officials tasked with negotiating potential ceasefire terms.
President Donald Trump has warned that military operations could resume if talks fail, underscoring the fragile nature of the negotiations.
Officials on both sides continue to dispute key details as discussions remain ongoing.
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