August 10, 2023
Iran agreed to
release five Americans in exchange for limited access to $6 billion in frozen
Iranian funds and the US releasing some Iranians
The US and Iran have
reached a deal that will free five Americans in exchange for the US releasing
some Iranians and granting Tehran limited access to $6 billion in frozen
Iranian funds, The New York Times reported Thursday.
Sources told the Times that
the negotiations have been going on quietly for two years. Prisoner exchanges
have typically been kept separate from other issues between the US and Iran.
As part of the first step
in the agreement, Iran has released five Iranian American dual citizens from
prison and put them on house arrest at a hotel where they will spend a few
weeks before flying to the US. Most of them were jailed over spying
allegations.
The White House confirmed
in a statement that the five Americans were released on house arrest, but the
Times said the Biden administration has declined to confirm what Iran will get
in return. Sources told the paper that the US has agreed to release several
Iranians who were arrested for alleged sanctions violations.
The US will also place $6
billion in frozen Iranian oil profits in an account that will be controlled by
Qatar. Iran will only be able to access the funds to pay for humanitarian
goods, such as medicine and food.
Tensions have been soaring
between the US and Iran in the Persian Gulf, but the news is a sign that there
is still room for diplomacy between the two countries. A series of media
reports earlier this year said the US and Iran were close to some sort of
interim nuclear deal, but such an agreement never materialized.
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