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.



IAEA’s Board of Governors Finds Iran Isn’t Complying with Nuclear Obligations

The IAEA flag flies in front of the IAEA Board of Governors meeting at the IAEA headquarters, United Nations seat, Vienna, Austria, 09 June 2025. EPA/MAX SLOVENCIK
The IAEA flag flies in front of the IAEA Board of Governors meeting at the IAEA headquarters, United Nations seat, Vienna, Austria, 09 June 2025. EPA/MAX SLOVENCIK
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IAEA’s Board of Governors Finds Iran Isn’t Complying with Nuclear Obligations

The IAEA flag flies in front of the IAEA Board of Governors meeting at the IAEA headquarters, United Nations seat, Vienna, Austria, 09 June 2025. EPA/MAX SLOVENCIK
The IAEA flag flies in front of the IAEA Board of Governors meeting at the IAEA headquarters, United Nations seat, Vienna, Austria, 09 June 2025. EPA/MAX SLOVENCIK

The UN nuclear watchdog’s board of governors on Thursday formally found that Iran isn’t complying with its nuclear obligations for the first time in 20 years, a move that could lead to further tensions and set in motion an effort to restore United Nations sanctions on Tehran later this year.

The International Atomic Energy Agency’s board, which represents the agency’s member nations, voted for the resolution at a meeting in Vienna, according to diplomats who spoke on condition of anonymity to describe the outcome of the closed-doors vote.

In the draft resolution seen by The Associated Press, the board of governors renews a call on Iran to provide answers “without delay” in a long-running investigation into uranium traces found at several locations that Tehran has failed to declare as nuclear sites.

Western officials suspect that the uranium traces could provide evidence that Iran had a secret nuclear weapons program until 2003.

The resolution was put forward by France, the UK, and Germany, as well as the United States.

“Iran’s many failures to uphold its obligations since 2019 to provide the Agency with full and timely cooperation regarding undeclared nuclear material and activities at multiple undeclared locations in Iran ... constitutes non-compliance with its obligations under its Safeguards Agreement,” the draft resolution says.

Under the so-called safeguards obligations, which are part of the Nuclear Non-Proliferation Treaty, Iran is legally bound to declare all nuclear material and activities and allow IAEA inspectors to verify that none of it is being diverted from peaceful uses.

The draft resolution also finds that the IAEA’s “inability ... to provide assurance that Iran’s nuclear program is exclusively peaceful gives rise to questions that are within the competence of the United Nations Security Council, as the organ bearing the main responsibility for the maintenance of international peace and security.”