Agreement has been reached on recovery of $6 billion in frozen assets with Qatar: Iranian President

Tehran: Iranian President Masoud Bezhakiyan has announced that his country has agreed with Qatar to recover $6 billion of Iran's $12 billion frozen assets in Doha. In a statement released by the Iranian presidency, Bezhakiyan said that "under the agreements reached, $6 billion of Iran's $12 billion funds in Qatar will be unfrozen and returned to the country." He added that work is now "focused on the return of the remaining portion of these funds."

Informed sources had previously revealed that the United States is working with Qatar to establish a mechanism that would allow Tehran to use part of its frozen assets to purchase goods on humanitarian grounds. This development comes at a time when, according to Reuters, Iranian and US technical teams working on the implementation of the memorandum of understanding are set to meet in Doha in the coming days.

Sources said that mediators have established communication channels to reduce tensions in the event of any incident, and technical negotiations are expected to continue. The upcoming session of talks is expected to discuss the issue of the Strait of Hormuz, which has led to reciprocal attacks between Iran and the US over the past two days, posing a threat to the ceasefire agreement and potential negotiations.

US President Donald Trump had repeatedly indicated during the past period that his country would not give Tehran "a single penny," saying that Iran's frozen funds would be spent on US products. However, Iranian authorities have denied this, emphasizing that "they are free to use their money as they see fit."

The report stated that the recent attacks and tensions in the Strait of Hormuz led to the suspension of scheduled technical committee talks in Switzerland on Monday. Iran said it had carried out retaliatory attacks on US forces in Bahrain and Kuwait after US strikes and warned of a "devastating response" in the event of further attacks.

The Revolutionary Guards said in a statement that they had attacked eight US installations in Bahrain and Kuwait with missiles and drones, and that the Iranian navy and aerospace force had jointly targeted US installations in response to recent US attacks on Iran. The Revolutionary Guards stated that the US had violated the ceasefire and that this was contrary to Article 1 of the memorandum of understanding. Iran warned that action against ships passing through the Strait of Hormuz without permission would be intensified, and that this would result in the complete halt of all diplomatic processes.

The US Central Command said that the military had carried out new airstrikes on 10 targets in Iran, targeting several military targets at the direction of President Donald Trump. Centcom said that Iran had been given the opportunity to comply with the agreement after the attack on a Singaporean commercial ship, but Iran had unilaterally carried out a drone attack, and an Iranian drone had also targeted a Panamanian oil tanker, which was carrying 2 million barrels of oil near the Strait of Hormuz at the time of the attack.

The ceasefire has been in place for only 11 days, but it has become uncertain. Attacks have been renewed on both sides, while President Trump has also threatened to resume the war and "finish the job." The renewed fighting began when the two countries gave different interpretations of the memorandum of understanding (MOU) reached to end the war, particularly with regard to the provisions related to the Strait of Hormuz.