US, Iran Differ over Tehran’s Frozen Assets

A panel displays currency rates in a market in Tehran, November 29, 2021. (Reuters)
A panel displays currency rates in a market in Tehran, November 29, 2021. (Reuters)
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US, Iran Differ over Tehran’s Frozen Assets

A panel displays currency rates in a market in Tehran, November 29, 2021. (Reuters)
A panel displays currency rates in a market in Tehran, November 29, 2021. (Reuters)

Tehran accused the US administration of waging a “psychological war,” a day after Washington denied releasing $3.5 billion of Iran’s frozen funds abroad.

“The United States has not released any money to Iran. Any such report to the contrary is incorrect,” State Department spokesman Ned Price affirmed.

“We also understand that our partners have not transferred frozen funds to Iran, not even South Korea,” he stressed.

“And of course, the US has not authorized or approved any such frozen transfers to Iran. All of our current sanctions remain in effect. They will remain in effect until and unless we’re able to reach a diplomatic agreement,” in Vienna.

Price’s remarks, which coincide with a new round of talks in the Austrian capital, are part of a “psychological war” against Iran, state TV quoted an informed source as saying.

These remarks “will not affect what has actually happened,” the source added.

One of the countries will soon release the frozen assets under the sanctions imposed by Donald Trump’s administration on Iranian oil sales, deputy Foreign Minister for Economic Diplomacy Mehdi Safari said on Thursday.

He added that $3.5 billion of Iranian assets have been released, noting that the government had requested other countries to release larger numbers

“Fruitful negotiations were held in this regard,” Safari confirmed, while declining to reveal the amount discussed.

In mid-November, the Central Bank said one billion dollars from the released funds would be allotted for the import of “essential goods.”

Meanwhile, the Iranian rial currency dipped last week but remained above historic lows after news that talks with world powers to revive the 2015 Iran nuclear accord may have run into difficulties.

The US dollar was selling for as much as 302,200 rials on the unofficial market on Saturday, up from 294,000 on Friday.

In October 2020, the rial hit a record low of about 320,000 to a dollar as a drop in oil prices deepened the economic crisis in the country already reeling under US sanctions and the highest COVID-19 death toll in the Middle East.



Taiwan Begins 5-Day Military Drill with Tanks Patrolling Streets

This picture taken and released by Taiwan's Central News Agency (CNA) on June 22, 2026 shows a row of armored military vehicles driving along the highway in Taoyuan, Taiwan. (AFP photo / CNA Photo)
This picture taken and released by Taiwan's Central News Agency (CNA) on June 22, 2026 shows a row of armored military vehicles driving along the highway in Taoyuan, Taiwan. (AFP photo / CNA Photo)
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Taiwan Begins 5-Day Military Drill with Tanks Patrolling Streets

This picture taken and released by Taiwan's Central News Agency (CNA) on June 22, 2026 shows a row of armored military vehicles driving along the highway in Taoyuan, Taiwan. (AFP photo / CNA Photo)
This picture taken and released by Taiwan's Central News Agency (CNA) on June 22, 2026 shows a row of armored military vehicles driving along the highway in Taoyuan, Taiwan. (AFP photo / CNA Photo)

Taiwan kicked off a five-day set of military drills on Monday aimed at boosting the island's combat readiness in case of a Chinese military attack.

In the city of Taoyuan, home to the island's largest international airport, tanks drove down city streets and highways, videos and photos of the exercise showed, as armored vehicles from the Army’s 269th Infantry Brigade conducted combat readiness patrols morning.

The Immediate Combat Readiness Exercises are meant to test how rapidly military units can deploy, especially in the face of a possible sudden escalation of Chinese grey-zone warfare. Grey-zone tactics refer to a range of aggressive tactics that vary from navy ship patrols to drone flights, but fall short of direct combat.

The exercises, announced Sunday afternoon, are meant to be realistic, the Ministry of Defense said in a statement, with an emphasis on “real-time, live-fire and on-site."

These exercises are designed to simulate what would happen before enemy forces launched their ships, according to Taiwan's semi-official Central News Agency. The series of exercises could also include impromptu ones in the future, including real-time responses to Chinese military drills.

China's People's Liberation Army sent 23 aircraft towards Taiwan from Sunday into Monday morning, according to Taiwan's defense ministry. That was accompanied by seven navy ships and five other Chinese government ships. China sends war planes, drones and navy ships towards the island on a daily basis.

Taiwan regularly conducts combat readiness drills as it seeks to bolster its defense capabilities amid ongoing military pressure from China, which claims the self-governed island as its own territory and has not ruled out the use of force to bring it under its control. Earlier in June, Taiwan fired rockets in China's direction for the first time as part of a military exercise.


EU Chief Hails 'Statesman' Starmer after Resignation

European Commission President Ursula von der Leyen gives a press statement on sanctions against Russia at the EU headquarters in Brussels on June 9, 2026. (Photo by Nicolas TUCAT / AFP)
European Commission President Ursula von der Leyen gives a press statement on sanctions against Russia at the EU headquarters in Brussels on June 9, 2026. (Photo by Nicolas TUCAT / AFP)
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EU Chief Hails 'Statesman' Starmer after Resignation

European Commission President Ursula von der Leyen gives a press statement on sanctions against Russia at the EU headquarters in Brussels on June 9, 2026. (Photo by Nicolas TUCAT / AFP)
European Commission President Ursula von der Leyen gives a press statement on sanctions against Russia at the EU headquarters in Brussels on June 9, 2026. (Photo by Nicolas TUCAT / AFP)

EU chief Ursula von der Leyen on Monday praised British Prime Minister Keir Starmer for bolstering "European" security after he announced his resignation.

"It can take many leaders years to grow into the statesman you became in just two years. European and Ukrainian security is stronger because of you. Thank you, dear Keir," the European Commission president posted online.


Leaders of European Powers to Meet for Ukraine Talks

 German Chancellor Friedrich Merz speaks to the press at the European Union leaders' summit in Brussels, Belgium June 19, 2026. (Reuters)
German Chancellor Friedrich Merz speaks to the press at the European Union leaders' summit in Brussels, Belgium June 19, 2026. (Reuters)
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Leaders of European Powers to Meet for Ukraine Talks

 German Chancellor Friedrich Merz speaks to the press at the European Union leaders' summit in Brussels, Belgium June 19, 2026. (Reuters)
German Chancellor Friedrich Merz speaks to the press at the European Union leaders' summit in Brussels, Belgium June 19, 2026. (Reuters)

The leaders of Europe's top military powers will meet Wednesday in Berlin, Italy said on Monday, as Europe aims to play a bigger role in trying to end the Ukraine war.

The government said Prime Minister Giorgia Meloni would attend the meeting with her British, French, German and Polish counterparts.

The announcement came just before British Prime Minister Keir Starmer said he would resign but remain in office until a new leader is chosen, meaning he could still attend the meeting.

The E5 group was formed in 2024 following increasing calls for European rearmament and to improve coordination to support Ukraine against the Russian invasion.

German Chancellor Friedrich Merz had said the meeting would take place this week without specifying a date.

At last week's G7 summit attended by Ukrainian President Volodymyr Zelensky, leaders agreed to increase supplies of air defense equipment to Ukraine and boost sanctions on Russia.

The G7 leaders also agreed to grant licenses for Ukraine-based companies to produce long-range missiles and air defense systems, a diplomatic source said.

But Zelensky has called for Europe to do more as US efforts to end the fighting have faded.

A European Union official said EU chief Antonio Costa's office had made "brief contacts at diplomatic level" with Moscow aimed at opening communication channels.

But some EU states have been wary about reaching out to Kremlin, with diplomats saying several leaders pushed backed against Costa's efforts at last week's EU summit in Brussels.