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Iran’s Pezeshkian Says Qatar Will Release $6 Billion in Frozen Assets

Iranian President Masoud Pezeshkian said on Monday that Qatar would release $6 billion in frozen Iranian assets, amid growing uncertainty over talks with the United States following weekend attacks, according to Al-Arabiya.

“Based on the plans made, $6 billion out of the total $12 billion of Iranian resources in Qatar will be released and returned to the country, and necessary follow-ups are being carried out,” Pezeshkian said.

On Sunday, Iran launched drone and missile attacks targeting Bahrain and Kuwait in response to fresh US airstrikes on the Islamic Republic. At the same time, Tehran warned that it would halt talks with Washington if it continued its military campaign.

Consequently, Washington and Tehran have agreed to halt attacks against each other, a senior US official said, according to an Axios report published on Sunday.

The Qatari capital, Doha, is set to host a remarkable meeting between US and Iranian officials on Tuesday to address their dispute over the Strait of Hormuz, Al-Arabiya English reported.

War in Iran

On February 28, the United States and Israel launched strikes on Iran, targeting its leadership and triggering a new conflict in the Middle East.

Iran responded with a retaliatory counterattack in Bahrain, Kuwait, Saudi Arabia and Abu Dhabi, while launching barrages of missiles and drones toward Israel.

The conflict spread across the Middle East, leaving thousands dead and triggering unprecedented disruptions to energy supplies especially after the blockade of the Strait of Hormuz.

Tehran and Washington have recently signed an agreement to end the conflict, offering some relief and reopening the Strait of Hormuz.

Consequently, mediators from Pakistan and Qatar announced that the two sides had agreed on a “roadmap” towards securing a final deal within 60 days.

 

Related Topics:

Reformist Masoud Pezeshkian Wins Iran’s Presidential Election

Iran Excludes Missile Program from US Talks

US-Iran Peace Efforts Stumble as Trump Cancels Talks

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