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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)
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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.

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World

Putin to Meet Trump Envoy Over US Push to End War

Jared Kushner (L), American businessman and Steve Witkoff (R), United States Special Envoy to the Middle East and special envoy for peace missions walk in the corridors during the 56th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, 20 January 2026. (EPA)
Jared Kushner (L), American businessman and Steve Witkoff (R), United States Special Envoy to the Middle East and special envoy for peace missions walk in the corridors during the 56th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, 20 January 2026. (EPA)
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Putin to Meet Trump Envoy Over US Push to End War

Jared Kushner (L), American businessman and Steve Witkoff (R), United States Special Envoy to the Middle East and special envoy for peace missions walk in the corridors during the 56th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, 20 January 2026. (EPA)
Jared Kushner (L), American businessman and Steve Witkoff (R), United States Special Envoy to the Middle East and special envoy for peace missions walk in the corridors during the 56th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, 20 January 2026. (EPA)

Russian President Vladimir Putin will meet US special envoy Steve Witkoff for talks on Thursday, the Kremlin said, as the US seeks to negotiate an end to the nearly four-year Ukraine war.

"Yes, indeed, such contacts for tomorrow are on the president's schedule," Kremlin spokesman Dmitry Peskov told the RBK news outlet on Wednesday.

Witkoff said earlier he planned to leave for Moscow from the World Economic Forum in Davos on Thursday night alongside Jared Kushner, Trump's son-in-law.

US President Donald Trump has tasked both officials with negotiating an exit from the Russia-Ukraine conflict.

"Jared and I will leave Thursday night and arrive in Moscow late at night," Witkoff told Bloomberg TV in an interview.

Witkoff said Russia had requested the meeting, and that he believed the two sides were close to reaching the final "10 percent" of a deal.

He said he would meet officials from the Ukrainian side later Wednesday.

The United States has in recent months intensified efforts to craft a deal to end Europe's deadliest conflict since World War II.

Ukraine says it has agreed to "90 percent" of a deal but key issues, including the thorny question of territory, remain unresolved.

Kyiv is also seeking clarity from its allies on post-war security guarantees, which it sees as key to deterring Moscow from launching a new assault.

The talks come as the fourth anniversary of Moscow's offensive looms and as Moscow has pounded Ukraine's energy facilities throughout the winter.

World

North Produces Enough Nuclear Material a Year for 10-20 Weapons, Says S. Korea President

South Korean President Lee Jae Myung speaks during his new year press conference at the presidential Blue House in Seoul, South Korea, 21 January 2026. (EPA)
South Korean President Lee Jae Myung speaks during his new year press conference at the presidential Blue House in Seoul, South Korea, 21 January 2026. (EPA)
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North Produces Enough Nuclear Material a Year for 10-20 Weapons, Says S. Korea President

South Korean President Lee Jae Myung speaks during his new year press conference at the presidential Blue House in Seoul, South Korea, 21 January 2026. (EPA)
South Korean President Lee Jae Myung speaks during his new year press conference at the presidential Blue House in Seoul, South Korea, 21 January 2026. (EPA)

North Korea is producing enough nuclear material a year for up to 20 weapons, the South's President Lee Jae Myung said on Wednesday, warning that Pyongyang's ambitions could pose a global danger.

The North carried out its first atomic test in 2006 in violation of UN resolutions and is now believed to possess dozens of nuclear warheads.

"Even now, nuclear materials sufficient to produce 10 to 20 nuclear weapons a year are still being produced" in North Korea, Lee told reporters at a New Year news conference.

At the same time, the North is continuing to improve its long-range ballistic missile technology aimed at striking the US mainland, Lee added.

"At some point, North Korea will have secured the nuclear arsenal it believes it needs to sustain the regime, along with ICBM capabilities capable of threatening not only the United States but the wider world," he said, referring to intercontinental ballistic missiles.

"And once there is excess, it will go abroad -- beyond its borders. A global danger will then emerge," he said.

Pyongyang has for decades justified its nuclear and missile programs as a deterrent against alleged regime change efforts by Washington and its allies.

A pragmatic attitude was needed in addressing North Korea's nuclear issue, Lee said, adding the "Trump-style approach" could help in communicating with Pyongyang.

"The suspension of nuclear material production and ICBM development, as well as a halt to overseas exports, would also be a gain," he said.

"It would be a gain for everyone," he added, noting that he had laid out the argument to both US President Donald Trump and his Chinese counterpart Xi Jinping.

Since his inauguration in June, Lee has pushed for dialogue with the North without preconditions, a stark departure from the hawkish approach of his predecessor.

- 'Trump-style approach' -

While Pyongyang has snubbed Seoul's dialogue offers, Lee said Trump could pave the way forward with North Korean leader Kim Jong Un -- with whom the US leader has expressed his affinity over the years.

"President Trump is a somewhat unique figure, but I think that very trait can at times be a significant asset in resolving problems on the Korean peninsula," Lee said.

"The Trump style approach seems to help when it comes to talking with Kim ... I am willing to play the role of a pacemaker in that process."

Trump met Kim three times during his first term in efforts to reach a denuclearization deal.

But since his second summit in Hanoi fell through over differences about what Pyongyang would get in return for giving up its nuclear weapons, no progress has been made between the two countries.

Trump had expressed hopes for a meeting with Kim ahead of the APEC summit in South Korea in October, which went unanswered by the North Korean leader.

Recently North Korea accused the South of flying a drone into the border city of Kaesong.

Lee's office has denied it was behind the incursion but alluded it might have been carried out by civilians.

One man has claimed responsibility for the breach, telling local media that he had carried it out to measure radiation levels at a North Korean uranium processing facility.

World

Another Train Crashes in Spain, Killing at Least 1 Person

Emergency services personnel work at the site where a train crashed into a collapsed retaining wall between Gelida and Sant Sadurni d'Anoia, Barcelona, Spain, late 20 January 2026. (EPA)
Emergency services personnel work at the site where a train crashed into a collapsed retaining wall between Gelida and Sant Sadurni d'Anoia, Barcelona, Spain, late 20 January 2026. (EPA)
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Another Train Crashes in Spain, Killing at Least 1 Person

Emergency services personnel work at the site where a train crashed into a collapsed retaining wall between Gelida and Sant Sadurni d'Anoia, Barcelona, Spain, late 20 January 2026. (EPA)
Emergency services personnel work at the site where a train crashed into a collapsed retaining wall between Gelida and Sant Sadurni d'Anoia, Barcelona, Spain, late 20 January 2026. (EPA)

Commuter rail service in Spain's northeastern Catalonia region was suspended Wednesday after a Barcelona commuter train crashed the night before, Spanish authorities said.

At least one person died in the Barcelona-area crash, and 37 others were injured as crews worked at night to complete the rescue effort. The train hit a retaining wall that fell onto the tracks, authorities said.

The news late Tuesday of another train crash mere days after Spain’s worst railway disaster since 2013 left many Spaniards in disbelief.

Emergency workers were still searching for more victims in the wreckage from Sunday’s deadly high-speed crash in southern Spain that killed at least 42 people, injured dozens more and took place some 800 kilometers (497 miles) away.

Three days of national mourning were underway, and the cause of that crash was being investigated.

The victim of the Tuesday night crash was a trainee train driver, regional authorities said. Of the 37 people affected, five were seriously injured. Six others were in less serious condition, emergency service said. Most of the injured had ridden in the first train car.

The suspension of commuter trains Wednesday morning caused significant traffic jams on roads leading into Barcelona. Regional authorities in Catalonia asked people to reduce unnecessary travel and companies to allow remote work while the disruptions continued.

Spanish Prime Minister Pedro Sánchez acknowledged the Barcelona area crash, writing on X on Tuesday night: “All my affection and solidarity with the victims and their families.”

While Spain’s high-speed rail network generally runs smoothly, and at least until Sunday had been a source of confidence, commuter rail services are plagued by reliability issues. However, accidents causing injury or death are not common in either.

The commuter train crashed near the town of Gelida, located about 37 kilometers (23 miles) outside Barcelona.

Spain’s railway operator ADIF said the containment wall likely collapsed due to heavy rainfall that swept across the northeastern Spanish region this week.