US Allows Release of $6 Billion to Iran Before Prisoner Swap
Biden agrees to let five Iranians in custody go free
Agreement is part of broader diplomatic effort with Iran
Gift this articleHave a confidential tip for our reporters? Get in TouchBefore it’s here, it’s on the Bloomberg Terminal LEARN MOREBy Courtney McBrideSeptember 11, 2023 at 11:41 PM GMT+3:30Updated on
The US cleared the way for $6 billion in oil proceeds to be returned to Iran and agreed to release five Iranians as part of a secretly negotiated deal that will clear the way for five American citizens detained in Iran to return home
Secretary of State Antony Blinken notified Congress on Monday of a waiver that will let German, Irish, Qatari, South Korean and Swiss banks transfer the $6 billion from South Korea without fear of running afoul of US sanctions