U.S. Official: Iran Has Not Received $6 Billion in Frozen Funds and Won't Until Compliance is Met

On July 1, the New York Post reported that a U.S. government official revealed on Tuesday that Iran has not received any of the $6 billion in frozen assets promised by the U.S. This funding was originally pledged by the U.S. in exchange for progress on the implementation of the U.S.-Iran memorandum of understanding, aimed at encouraging Iran to return to the negotiating table in Qatar. The U.S. official stated, "No funds have been released yet; unless Iran meets the requirements outlined in the memorandum, nothing is given for free, and everything is tied to specific benchmarks." The U.S. officials indicated that although Iran claims the funds should be paid in one lump sum, the U.S. plans to make small, phased payments directly to suppliers as Iran advances in key negotiation areas.
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