Iran Steps Closer to Recover $7 Billion of Frozen Assets

 Iran’s foreign ministry spokesman Saeed Khatibzadeh speaks to media during a press conference in Tehran on November 15, 2021. (AFP)
Iran’s foreign ministry spokesman Saeed Khatibzadeh speaks to media during a press conference in Tehran on November 15, 2021. (AFP)
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Iran Steps Closer to Recover $7 Billion of Frozen Assets

 Iran’s foreign ministry spokesman Saeed Khatibzadeh speaks to media during a press conference in Tehran on November 15, 2021. (AFP)
Iran’s foreign ministry spokesman Saeed Khatibzadeh speaks to media during a press conference in Tehran on November 15, 2021. (AFP)

Iran’s Foreign Ministry spokesman Saeed Khatibzadeh said on Monday that part of the Iranian assets frozen under US sanctions “will be released soon,” without giving further details.

The official IRNA news agency quoted Khatibzadeh as saying that the necessary framework for removing the blockade of a “significant part” of Iran's frozen assets has been determined.

His statements came about an hour after his weekly press conference, where he denied being well-informed about the release of the frozen assets or the imminent visit of a regional official.

IRNA had reported that a high-ranking regional official “will travel to Tehran on Tuesday to finalize the mechanism for launching $7 billion.”

“According to the agreement reached with countries that have contracts with Iran, the framework was set for lifting the seizure of a significant part of the country’s frozen assets,” IRNA said, noting that the agreement provides for the transfer of Iranian assets to the country’s bank accounts within weeks.

The agency noted that the framework “is similar to that agreed upon with Britain,” in reference to the British-Iranian deal under which debts were paid to Iran in exchange for the release of Britons of Iranian origin.

In turn, Tasnim agency, which is affiliated with the Iranian Revolutionary Guards, reported that the Iranian assets “are likely to be transferred to the (branch) account of the Central Bank of Iran in Amman, while a senior regional official is arriving to finalize the mechanism for releasing the $7 billion.”

However, Khatibzadeh expressed on Monday Iranian doubts about the “determination” of the United States to reach an understanding to revive the 2015 nuclear agreement, speaking of continuing differences after a year of negotiations between Tehran and the six great powers.

“We really don’t know if we’ll get a deal or not, because the United States hasn’t shown the necessary will to reach an agreement,” Khatibzadeh said, as quoted by AFP.

“All components of maximum pressure must be removed,” he added. “Unfortunately, the United States is trying to maintain some of the elements of maximum pressure.”



UK Says Vital to 'De-escalate' Middle East War

FILE PHOTO: An aerial view of the island of Qeshm, separated from the Iranian mainland by the Clarence Strait, in the Strait of Hormuz, December 10, 2023. REUTERS/Stringer/File Photo
FILE PHOTO: An aerial view of the island of Qeshm, separated from the Iranian mainland by the Clarence Strait, in the Strait of Hormuz, December 10, 2023. REUTERS/Stringer/File Photo
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UK Says Vital to 'De-escalate' Middle East War

FILE PHOTO: An aerial view of the island of Qeshm, separated from the Iranian mainland by the Clarence Strait, in the Strait of Hormuz, December 10, 2023. REUTERS/Stringer/File Photo
FILE PHOTO: An aerial view of the island of Qeshm, separated from the Iranian mainland by the Clarence Strait, in the Strait of Hormuz, December 10, 2023. REUTERS/Stringer/File Photo

A British minister on Sunday said it was essential to calm the situation in the Middle East after US President Donald Trump demanded that other nations help protect world oil supplies passing through the Strait of Hormuz.

The "plan now has to be to de-escalate the conflict", Energy Security Minister Ed Miliband told the BBC.

A spokesperson for the defense ministry said late on Saturday: "As we've said previously, we are currently discussing with our allies and partners a range of options to ensure the security of shipping in the region."


South Korea 'Closely Monitoring' Trump Call to Send Warships to Hormuz

A tanker sails in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. (Reuters)
A tanker sails in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. (Reuters)
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South Korea 'Closely Monitoring' Trump Call to Send Warships to Hormuz

A tanker sails in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. (Reuters)
A tanker sails in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the US-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. (Reuters)

South Korea said on Sunday it was paying close attention to US President Donald Trump's call for Seoul and other countries to send warships to help protect oil supplies passing through the Strait of Hormuz. 

Since US-Israeli forces launched a war against Iran on Feburary 28, Tehran has responded with attacks and threats that have nearly halted shipping in the strait, through which one-fifth of global oil supplies normally passes. 

After earlier vowing that the US Navy would begin escorting tankers through the waterway, Trump said on social media on Saturday that "Many Countries" would also send warships to keep it open, naming South Korea and Japan among others. 

But after a senior Japanese official said on Sunday that Tokyo maintained a high threshold for such a move, Seoul also refrained from making any explicit commitments. 

"We are closely monitoring President Trump's remarks on social media and will carefully consider the matter in close consultation with the United States," a South Korean presidential official told AFP. 

Seoul was "comprehensively considering and exploring various measures... to ensure the safety of energy transport routes", the official said. 

Like other Asian economies, South Korea relies heavily on energy imports, including through the Strait of Hormuz. 

The war has already prompted Seoul to impose a fuel price cap to ease pressure on its energy supply, the first such measure since 1997. 

Earlier on Sunday, Takayuki Kobayashi, the policy chief of Japanese Prime Minister Sanae Takaichi's ruling Liberal Democratic Party, said the bar for sending Japanese navy ships to the region under existing laws was "extremely high". 

"Legally speaking, we do not rule out the possibility, but given the current situation in which this conflict is ongoing, I believe this is something that must be considered with great caution," he said on the public broadcaster NHK's political debate program. 

Trump also mentioned China, France and Britain by name in his post, saying he hoped countries "that are affected by this artificial constraint will send Ships to the area". 

 


Drone Debris Sparks Fire at Oil Facility in Russia’s Krasnodar Region, Authorities Say

 Smoke is seen through the broken window of a residential neighborhood damaged by Russian aerial guided bomb in Zaporizhzhia, Ukraine, Saturday, March 14, 2026. (AP)
Smoke is seen through the broken window of a residential neighborhood damaged by Russian aerial guided bomb in Zaporizhzhia, Ukraine, Saturday, March 14, 2026. (AP)
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Drone Debris Sparks Fire at Oil Facility in Russia’s Krasnodar Region, Authorities Say

 Smoke is seen through the broken window of a residential neighborhood damaged by Russian aerial guided bomb in Zaporizhzhia, Ukraine, Saturday, March 14, 2026. (AP)
Smoke is seen through the broken window of a residential neighborhood damaged by Russian aerial guided bomb in Zaporizhzhia, Ukraine, Saturday, March 14, 2026. (AP)

A fire broke out at an oil facility in Russia's Krasnodar region after debris from a downed drone fell on it, Russian authorities said on Sunday.

According to ‌preliminary reports, ‌there were no ‌casualties.

The ⁠damaged oil facility ⁠is located near Tikhoretsk, where Ukrainian drones struck an oil pumping station on Thursday. The fire ⁠had been extinguished on ‌Friday.

Authorities ‌did not clarify whether ‌it was the ‌same facility.

The Tikhoretsk hub is one of the largest oil points in southern ‌Russia and is the only supply route ⁠for ⁠petroleum products to the key Black Sea port of Novorossiysk.

The attack was the latest in a series of drone strikes on the region's energy and port infrastructure.