Tehran, May 26 -- A proposed US-Iran understanding could pave the way for the release of up to USD 24 billion in frozen Iranian funds as negotiations between the two sides continue, according to reports from IRGC-linked media outlet Tasnim News.
Citing a source close to the negotiating team, the report said Iran has proposed that half of the funds, around USD12 billion, be made accessible immediately upon the announcement of a memorandum of understanding (MoU), while the remaining amount would be transferred over a 60-day negotiation period.
The report added that discussions over access to the initial tranche of funds and easing transfer-related restrictions were among the key issues during Parliament Speaker Mohammad Bagher Ghalibaf's re...