Iranian President Masoud Pezeshkian stated that Tehran will fulfill its obligations under a memorandum of understanding if the United States adheres to its commitments, amid ongoing talks in Switzerland.
The ongoing negotiations and potential asset release are critical for de-escalating regional tensions, securing vital global shipping lanes, and addressing Iran's nuclear program.
Iranian President Masoud Pezeshkian announced that $6 billion of the nation's frozen assets in Qatar will be released as part of a preliminary agreement with the United States. Pezeshkian stated that this release is contingent on the start of talks, with Iran's total frozen assets in Qatar amounting to $12 billion. He also affirmed that Iran would not relinquish its right to enrich uranium.
The announcement comes as delegations from the US and Iran have arrived in Switzerland for technical negotiations. These discussions are intended to address the ongoing Middle East conflict and secure the reopening of the Strait of Hormuz. US Vice President JD Vance is leading the American side, while Iranian Parliament Speaker Mohammad Bagher Qalibaf and Foreign Minister Abbas Araghchi are heading the Iranian delegation. Pakistani mediators are facilitating these crucial talks between the two nations.
Pezeshkian stated on X that Tehran will fulfill its obligations under the memorandum of understanding if the United States adheres to its commitments. He added that Iran's response to "unreasonable boasting and unfounded threats" is to rely on rational decision-making while maintaining a "decisive and fearless" defence posture when necessary.