Iran claims retaliatory drone strikes on US military facilities across the Middle East, following 13 nights of American attacks. This escalation comes as the US plans to use frozen Iranian assets for war damages, a move condemned by Iran, further intensifying tensions between the two nations.
US President Donald Trump threatened to use frozen Iranian assets to pay for damages to ships and cargo in the Gulf, a move Iran's foreign minister Abbas Araghchi called an "incendiary precedent." This comes amidst US strikes on Iran and Houthi threats to Red Sea shipping.
A new round of US-Iran talks, focusing on Iran's nuclear program, sanctions, and asset unfreezing, is expected on July 11, with Islamabad, Pakistan, cited as the most likely venue by diplomatic sources, though no final decision has been made.
Iranian assets frozen in Qatar have not been unblocked, according to a US administration official cited by the New York Post. Iran sought a lump-sum transfer, while the US prefers staged releases tied to humanitarian goods and negotiation progress.
Indirect talks between US and Iranian officials on unfreezing $6bn in Iranian assets will resume in Doha on Wednesday. The discussions, mediated by Qatar, aim to address issues including the Strait of Hormuz and a potential Lebanon ceasefire, though direct meetings have not yet occurred.
Iran's chief negotiator, Mohammad Bagher Ghalibaf, stated the Strait of Hormuz will remain under Tehran's administration and will not revert to its pre-war status. He also announced an agreement to release $12 billion in frozen Iranian assets and establish a communication channel for ship movements.
Iran and the US held talks in Switzerland regarding the lifting of restrictions on Iranian oil exports. Tehran anticipates an official announcement from the US Treasury Department soon, which is expected to cover the unfreezing of assets and licensing for oil and petrochemical sales.
US and Iranian delegations met in Switzerland to discuss an interim deal, focusing on the Strait of Hormuz, sanctions, and the conflict in Lebanon. Tensions are high due to Iran's decision to keep the strait closed and internal dissent regarding the negotiations.
Iran, the US, and Qatar are holding trilateral talks in Switzerland focusing on a ceasefire in Lebanon and the unfreezing of Iranian assets. Iran's delegation aims to implement five points from a memorandum, with specific details on three points undisclosed.
US and Iran negotiators met in Switzerland to discuss a fragile interim deal. Key issues include a ceasefire in Lebanon, lifting sanctions on Iranian oil, and reopening the Strait of Hormuz. Tensions are high due to Iran's decision to close the strait and internal Iranian disputes over the talks.
US Vice President JD Vance stated that no Iranian frozen assets abroad will be unfrozen until Tehran meets its obligations under an agreement. Vance mentioned the total could exceed $200 billion, with most funds held outside the US.
Iran and the US will hold their first direct talks in Switzerland on Friday to discuss technical and political aspects of Tehran's nuclear program, sanctions relief, and asset unfreezing. Issues concerning Lebanon and Hezbollah are also on the agenda.
Donald Trump announced a 14-point deal with Iran, calling it a "major win" for the US. The agreement includes financial concessions to Iran to reopen the Strait of Hormuz and prevent global economic instability. Key terms involve lifting sanctions, unfreezing assets, and potentially a reconstruction fund.
The Trump administration announced a 14-point agreement with Iran to reopen the Strait of Hormuz, claiming a "major win" despite concessions including potential release of frozen assets and easing sanctions. The deal aims to prevent global economic depression and halt Iran's nuclear program.
Israeli TV channel N12 reports that a memorandum of understanding between Iran and the US will bring Iran "unprecedented benefits," including the lifting of sanctions, unfreezing of assets, and a $300 billion recovery fund upon final agreement. The deal also addresses Iran's nuclear program and regional hostilities.
A senior US official has denied Iranian media claims that Washington will release $12 billion of Iran's frozen assets. The official stated that any release of funds is contingent on Iran fulfilling its commitments and is not unconditional.
A draft memorandum between Washington and Tehran reportedly includes Iran's commitment to not produce nuclear weapons, reopening the Strait of Hormuz, and US sanctions relief. Details suggest Iran will dilute enriched uranium internally, with a 60-day discussion period for implementation. The US may release $25 billion in frozen Iranian assets.
The US plans to offer its Persian Gulf allies access to Iranian assets to compensate for potential and past damages inflicted by Iran, according to Reuters, citing sources.
A potential Iran-US deal involves unfreezing billions in Iranian assets in exchange for reopening the Strait of Hormuz. Disagreements delayed a Pakistani memorandum, but the US appears to accept military force failed to yield nuclear concessions. Iran insists nuclear talks cannot start with pre-agreed commitments.
