US and Qatar Establish Mechanism for Iran to Access Frozen Funds for Essential Goods

According to the International Desk of Webangah News Agency, The Wall Street Journal has reported that the United States and Qatar are establishing a system that will allow Iran to utilize its frozen assets, valued at over six billion dollars, for the procurement of essential goods. This development comes amid earlier reports by the Financial Times, citing an informed source, that the U.S. was expected to unblock six billion dollars of Iran’s frozen assets.

The understanding is that these funds will be exclusively used for the purchase of humanitarian goods and items not subject to sanctions from the United States, as per an agreement between Washington and Tehran. These assets are currently being held in Qatar.