Dubai: Iran’s President said on Monday that USD 6 billion in frozen Iranian assets would be released by Qatar as negotiations with the United States were challenged by attacks across the Persian Gulf this weekend.
Masoud Pezeshkian’s mention of the funds appear aimed at selling the Iranian public on the interim deal, particularly as its grip on the Strait of Hormuz has been challenged by efforts to open Oman’s territorial waters to both inbound and outbound traffic from the Persian Gulf.
Iran’s attacks and threats stopped cargo ships and tankers from moving though the strait, in which about a fifth of all traded oil and natural gas passed in peacetime, creating a global energy crisis.
The strait has long been considered an international waterway despite its location in Iran and Oman’s territorial waters. In recent days, Iran has twice attacked vessels going through a route near the Omani side, drawing retaliatory American airstrikes and concerns that negotiations to reach a formal end to the war could be disrupted.
Iran launched drone and missile attacks targeting Bahrain and Kuwait on Sunday.
Pakistan, a key mediator, has said talks would resume Tuesday between the US and Iran on the terms of their interim deal.
The Trump administration on Sunday said nothing has been cancelled and technical talks are on track for the coming days. Iran has yet to say whether it will take part.
Pezeshkian offered praise for the interim deal in comments published Monday by the state-run IRNA news agency, calling it “a great victory for the Iranian people”.
“Based on the plans made, USD 6 billion out of the total USD 12 billion of Iranian resources in Qatar will be released and returned to the country, and necessary follow-ups are being carried out,” he said. He did not elaborate.
Pezeshkian, a reformist within Iran’s theocracy, is the highest-ranking official within Iran to reference the release of the funds held by Qatar, a key mediator along with Pakistan in the negotiations.
So far, US officials say no frozen Iranian assets have been released. Qatar as well as has not acknowledged any such transfer and Iran attacked a tanker filled with Qatari crude oil this weekend during the crossfire in the Persian Gulf.
