Qatari Minister: Iran-US Deal Encompasses Establishment of Banking Channel

Qatari Foreign Minister Mohammed Al Khulaifi meets his Iranian counterpart in Tehran. (Iranian Foreign Ministry)
Qatari Foreign Minister Mohammed Al Khulaifi meets his Iranian counterpart in Tehran. (Iranian Foreign Ministry)
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Qatari Minister: Iran-US Deal Encompasses Establishment of Banking Channel

Qatari Foreign Minister Mohammed Al Khulaifi meets his Iranian counterpart in Tehran. (Iranian Foreign Ministry)
Qatari Foreign Minister Mohammed Al Khulaifi meets his Iranian counterpart in Tehran. (Iranian Foreign Ministry)

Qatari Foreign Minister Mohammed Al Khulaifi stated on Friday that the ongoing negotiations between the US and Iran regarding a prisoner exchange and the release of frozen Iranian funds include the establishment of a banking channel.

According to Al Khulaifi, the banking channel would address several agreed-upon matters among the parties, without specifying the nature of these issues.

As part of the anticipated agreement, Tehran has relocated five of the detained US nationals from a specialized section within the Revolutionary Guards’ prison in Evin to a hotel under house arrest.

This marks the initial step in the agreement. Iranian officials have stipulated that the transfer of frozen Iranian assets in South Korea to foreign bank accounts is a prerequisite for the release of the detainees.

In press statements, Al Khulaifi clarified that the agreement was preceded by intensive visits by Qatari officials to both Washington and Tehran.

He emphasized that Doha has played a “central and fundamental role” in facilitating negotiations and dialogue between the two parties.

Furthermore, Al Khulaifi expressed optimism that this move would be followed by further steps towards reconciliation, affirming that his country will spare no effort in making additional endeavors to bridge the perspectives between the parties.

The Qatari official stated his hope that the Washington-Tehran agreement would lead to broader understandings, including a return to the "nuclear deal."

Al Khulaifi delivered a written message to Tehran, presenting it to both Iranian Foreign Minister Hossein Amir-Abdollahian and Secretary-General of the Supreme National Security Council Ali Ahmadian on July 23.

He engaged in discussions with Iran’s Deputy Foreign Minister and Chief Nuclear Negotiator Ali Baqeri Kani.

Qatar hosted the most recent round of talks between Kani and the European Coordinator for Nuclear Negotiations, Enrique Mora, on June 21.



Saudi Arabia, Estonia to Expand Bilateral Relations

Saudi Foreign Minister Prince Faisal bin Farhan and Estonian Foreign Minister Margus Tsahkna (Saudi Foreign Ministry)
Saudi Foreign Minister Prince Faisal bin Farhan and Estonian Foreign Minister Margus Tsahkna (Saudi Foreign Ministry)
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Saudi Arabia, Estonia to Expand Bilateral Relations

Saudi Foreign Minister Prince Faisal bin Farhan and Estonian Foreign Minister Margus Tsahkna (Saudi Foreign Ministry)
Saudi Foreign Minister Prince Faisal bin Farhan and Estonian Foreign Minister Margus Tsahkna (Saudi Foreign Ministry)

Saudi Arabia and Estonia have signed a memorandum of understanding (MoU) to enhance political consultations and strengthen their bilateral relations.
The agreement was made after a meeting between Saudi Foreign Minister Prince Faisal bin Farhan and Estonian Foreign Minister Margus Tsahkna in Tallinn on Wednesday.
Estonian Prime Minister Kaja Kallas later met with Prince Faisal to discuss the current cooperation and explore ways to expand it. They also talked about recent regional and international developments and efforts to address them.
Prince Faisal announced in a joint press conference with his Estonian counterpart that the new MoU on political consultations will strengthen coordination and cooperation between the two countries.
He emphasized their efforts to enhance economic, cultural, and technological ties, as well as boost trade, investment, and innovation.
The Saudi minister also mentioned that their talks covered various issues, including shared challenges, the Gaza conflict, and finding a peaceful resolution to the Russia-Ukraine war.
He commended Estonia for supporting the UN resolution on Palestine’s membership, calling it a crucial step towards a two-state solution.

Prince Faisal highlighted that trade between Saudi Arabia and Estonia reached $72 million last year, with Saudi exports at $21 million and imports from Estonia at $51 million. He expressed optimism for further economic growth.
The Saudi Foreign Ministry reported that Prince Faisal’s meeting with Tsahkna focused on strengthening bilateral relations in various sectors and increasing coordination on issues of mutual interest.