Key facts
- Iran claims the U.S. will grant access to frozen funds but not provide direct monetary transfers.
- Iran will coordinate with Oman and others for safe passage in the Strait of Hormuz.
- U.S. Vice President JD Vance stated no funds would be released to Iran in exchange for signing a deal to halt the war and open the Strait of Hormuz.
- Vance said Iran would receive money only if it took verified steps to eliminate its stockpile of highly enriched uranium.
- The U.S. and Iran have agreed terms to end their war and reopen the strait.
An Iranian official, Baghaei, claimed that the U.S. will grant access to frozen funds but will not provide direct monetary transfers. Baghaei also stated that Iran will coordinate with Oman and other nations for safe passage in the Strait of Hormuz, contingent on U.S. commitments, and warned of reciprocal measures if these commitments are not met.
U.S. Vice President JD Vance stated that no funds would be released to Iran in exchange for signing an agreement to halt the war and open the Strait of Hormuz. Vance indicated the agreement was digitally signed on Sunday and that Iran would receive money only if it took verified steps to eliminate its stockpile of highly enriched uranium. He also expects the Strait of Hormuz to be opened in a toll-free manner long-term. The U.S. and Iran have agreed to terms to end their war and reopen the strait, with the pact potentially dependent on an end to hostilities in Lebanon.