US considers giving Iran access to $16 billion in restricted money: Reports
Washington DC: The United States is reportedly considering allowing Iran access to more than $16 billion in restricted funds held in Qatar and other locations, as part of ongoing negotiations aimed at easing tensions and advancing broader diplomatic talks, according to a report by Politico citing officials familiar with the discussions.
The proposal is being examined as a potential early step in a wider negotiating framework that could include security arrangements and limits on Iran’s nuclear programme. The funds in question are Iranian assets that have been frozen under US sanctions, though limited use has been permitted in the past for specific humanitarian or restricted purchases.
Under the reported plan, Iran would not receive unrestricted access to the money. Instead, mechanisms could be created to allow controlled use of the funds for designated transactions, while still keeping them within the boundaries of the US sanctions system. This approach is being seen as a way to offer limited economic relief without formally lifting sanctions.
US officials have previously maintained that any sanctions easing would depend on Iran making verifiable commitments in negotiations. In particular, Washington has signalled that broader relief would only come after progress on curbing Iran’s nuclear activities.
The issue of frozen Iranian assets has long been a key point of friction between the two countries. Iran has repeatedly sought access to restricted funds abroad, while the US has used sanctions as leverage in diplomatic negotiations.
The discussions are taking place alongside wider regional tensions and efforts to prevent further escalation in the Middle East, where energy security and maritime routes remain sensitive issues.
The Strait of Hormuz, a vital passage for global oil shipments, continues to be a central concern in any US-Iran negotiations due to its strategic importance for international energy supplies and shipping stability.
Iran has not yet officially confirmed acceptance of the broader framework, and talks are understood to be ongoing.