Iran says all frozen assets to be released under U.S. agreement, unfreezing to occur in phases

Iran said on Saturday that all of its frozen assets are expected to be released under the terms of an agreement with the United States, with the unfreezing process set to take place gradually over a defined period.

According to Iranian officials, the understanding reached with Washington envisages the eventual release of all blocked Iranian funds, while implementation will occur in stages rather than through a single transfer.

Tehran outlines phased asset release

Iranian authorities said the agreement provides for the full release of frozen assets but noted that the process will be carried out incrementally. Officials indicated that the phased approach is intended to facilitate implementation and ensure compliance with agreed procedures.

The assets have been subject to restrictions and financial controls, making their release a key issue in discussions between Tehran and Washington.

Officials emphasize full access to funds

Iran maintained that the agreement ultimately provides for access to all blocked assets covered under the arrangement. Officials said the phased mechanism should not be interpreted as a reduction in the total amount expected to be released.

The comments came as Iranian authorities provided additional details regarding the framework of the understanding and its expected implementation process.

Agreement seen as important financial development

The planned release of frozen funds represents a significant financial development for Iran, which has long sought access to assets held abroad under various sanctions-related restrictions.

Iranian officials said the agreement establishes a pathway for the gradual return of the funds while setting out procedures for their transfer and use.

Focus on implementation

Authorities in Tehran indicated that attention will now shift to the implementation phase of the agreement. Officials said the timetable for releasing the assets will depend on the execution of the provisions contained in the memorandum of understanding.

The latest comments underscore the importance Iran places on securing access to frozen assets as part of broader diplomatic and financial discussions with the United States.

Further details regarding the timing, structure and specific mechanisms for the release of the funds are expected to emerge as implementation moves forward.