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Frozen Assets · Iran · Peace Deal · Sanctions
A proposed Iran-US peace accord, announced June 14 and scheduled for signing June 19 in Switzerland, involves the potential unfreezing of $24 billion in Iranian assets, though contradictory reports exist on the timing and conditions of this release.
The total frozen Iranian assets are estimated at $100 billion, stemming from multiple waves of mainly US-led sanctions initiated in 1979. Iran explicitly demands the release of funds before nuclear talks commence, a condition a US official rejected.
The initial freeze in 1979, following the US embassy hostage crisis, blocked nearly $12 billion in Iranian government assets, primarily held in US banks; most of these were released under the 1981 Algiers Accords. The current peace deal reportedly includes an initial release of $12 billion, with another $12 billion to follow within a 60-day negotiation window.
US President Donald Trump or Vice President JD Vance will sign the accord with top Iranian officials. The outcome of these negotiations will determine the flow of these significant funds into the Iranian economy, impacting its financial stability and capacity for international trade.
