- The Fars News Agency reports that a draft memorandum of understanding includes an immediate twelve billion dollar payment from frozen Iranian assets as a primary condition
- Iranian negotiators have stated they will not proceed to further phases of talks regarding nuclear issues or sanctions relief until this money is released
- The proposed agreement includes a sixty day ceasefire extension and a framework for reopening the Strait of Hormuz to international shipping
- United States officials indicate that while a tentative deal has been reached by negotiators it still awaits a final signature from President Trump
- Market analysts note that the potential deal has led to a significant drop in global shipping risk premiums as daily crossings in the region had previously fallen by eighty eight percent
Iran demands immediate release of twelve billion dollars in frozen assets under new memorandum
May 29, 2026, 3:54:12 PM UTC(1 hour ago)
Impact: High
Affected Assets
Sources
From:@DeItaone
FARS: IMMEDIATE PAYMENT OF $12 BILLION FROM IRAN'S FROZEN ASSETS IS INCLUDED IN MOU