Taliban to Meet US on Releasing Frozen Afghan Funds after Quake

Afghans stand among destruction after an earthquake in Gayan village, in Paktika province, Afghanistan, Thursday, June 23, 2022. (AP Photo/Ebrahim Nooroozi)
Afghans stand among destruction after an earthquake in Gayan village, in Paktika province, Afghanistan, Thursday, June 23, 2022. (AP Photo/Ebrahim Nooroozi)
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Taliban to Meet US on Releasing Frozen Afghan Funds after Quake

Afghans stand among destruction after an earthquake in Gayan village, in Paktika province, Afghanistan, Thursday, June 23, 2022. (AP Photo/Ebrahim Nooroozi)
Afghans stand among destruction after an earthquake in Gayan village, in Paktika province, Afghanistan, Thursday, June 23, 2022. (AP Photo/Ebrahim Nooroozi)

The United States and the Taliban plan talks Thursday in Qatar on unlocking some of Afghanistan's reserves following a devastating earthquake, officials said, with Washington seeking ways to ensure the money goes to help the population.

The White House said it is working "urgently" on the effort, but a member of the Afghan central bank's board said it could take time to finalize, AFP reported.

The Taliban's foreign minister, Amir Khan Muttaqi, arrived in the Qatari capital Doha along with finance ministry and central bank officials for talks, Taliban foreign ministry spokesman Hafiz Zia Ahmed said.

The State Department said its envoy on Afghanistan, Tom West, would take part and said the United States was focused on a range of interests including human rights and opening schools for girls.

"None of these engagements should be seen as 'legitimizing' the Taliban or its so-called government but are a mere reflection of the reality that we need to have such discussions in order to advance US interests," said a spokesperson for the US State Department, which does not recognize Taliban rule over Afghanistan.

The Taliban took over in August 2021 after the United States gave up a 20-year military effort.

Washington at the time froze $7 billion in reserves and the international community halted billions in direct aid that Afghanistan and its population of roughly 40 million people had relied on.

The currency has collapsed and the country descended into a serious economic crisis, although some assistance has been restored.

Last week's 5.9-magnitude earthquake in eastern Afghanistan, which killed more than 1,000 people and left tens of thousands homeless, adds urgency to the funding debate.

"Negotiations are underway and it is our expectation that a final proposal under discussion will be finalized," said Shah Mehrabi, member of the Supreme Council of the Central Bank of Afghanistan.

However, details on "the mechanism to transfer the reserves to the Central Bank have not been finalized," he told AFP.

"It is going to take a while. These things do not happen overnight."

- 'Get these funds moving' -
White House Press Secretary Karine Jean-Pierre said over the weekend that efforts were underway "to get these funds moving" from the frozen reserves.

"We are urgently working to address complicated questions about the use of these funds to ensure they benefit the people of Afghanistan and not the Taliban," she told reporters traveling with President Joe Biden to Europe.

In question are $3.5 billion in frozen reserves, half the total blocked by the US government.

"I have argued that these reserves should be released to the Central Bank," said Mehrabi, who also is an economics professor at Montgomery College in the suburbs of the US capital.
He proposed a "limited, monitored release of reserves" of about $150 million each month to pay for imports.

That would help "stabilize prices and help meet the needs of ordinary Afghans so that they can afford to buy bread, cooking oil, sugar and fuel," alleviating the misery of families facing high inflation, he said.

Use of the funds "can be independently monitored and audited by external auditing firms with an option to terminate in the event of misuse," he said.

The United Nations has warned that half the country is threatened with food shortages.

The United States earlier said it was contributing nearly $55 million to relief efforts made more urgent by the earthquake, directing aid to groups working in Afghanistan.

The Taliban are still considered a terrorist group by the United States, which has insisted that any improvement of relations would be dependent on meeting key concerns, including on the treatment of women.

Biden in February gave the green light for the other half of the frozen reserves to go to compensating survivors and families of the victims of the September 11, 2001 attacks, which triggered the invasion in which the United States toppled the Taliban and kept afloat a pro-Western government for two decades.



US Launches ‘Economic Onslaught’ Against Iran’s Financial Connections

WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP
WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP
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US Launches ‘Economic Onslaught’ Against Iran’s Financial Connections

WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP
WASHINGTON, DC - AUGUST 24: US Treasury Secretary Scott Bessent announces a new set of sanctions against Iran in the Cash Room at the Treasury Department on August 24, 2026 in Washington, DC. Chip Somodevilla/Getty Images/AFP

US Treasury Secretary Scott Bessent unveiled Monday what he described as an "economic D-Day" that aims to give a final warning to countries to sever their business ties with Iran or risk having key companies and entities cut off from the dollar-based financial system.

"We are launching an economic onslaught against Iran’s financial connections around ⁠the globe. Our ⁠objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone," Bessent said.

He added that it’s “no longer acceptable to operate in the gray spaces” of the conflict.

He did not name what countries could face potential secondary sanctions from the United States.

“Let there be no ambiguity as to the position of the United States,” Bessent told a news conference. “An economic engagement of any kind with this murderous regime will expose those responsible to the full reach of American power.”

The US Treasury Department has mapped the networks, facilitators, and financial channels that Iran uses to smuggle oil and evade sanctions and said that Washington would be working with US partners to target any source of Iran's "illicit revenue."

The department said it has issued determinations against five sectors -- digital assets, technology, gold, ⁠aviation and shipping -- that the Iranian government is using to prop up its economy. The Treasury has also imposed sanctions on nearly 60 entities, individuals and vessels.

US President Donald Trump's war with Iran, which has pushed energy prices higher worldwide, is about to hit its six-month mark. While heavy fighting has ‌subsided, diplomatic efforts to end the war have stalled and oil and raw material shipping through the Strait of Hormuz ⁠remains blocked, ⁠keeping energy prices elevated.


Trump Says Iran 'Collapsing' Ahead of Sanctions Announcement

Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)
Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)
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Trump Says Iran 'Collapsing' Ahead of Sanctions Announcement

Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)
Motorcyclists pass a billboard depicting US President Donald Trump with hands around his neck beneath the words "Revenge is inevitable" in Tehran, Iran, Monday, Aug. 24, 2026. (AP Photo/Vahid Salemi)

President Donald Trump said Monday that Iran is "collapsing" hours before the US government was set to announce details of what it says will be crushing sanctions against Tehran.

"IRAN IS COMPLETELY COLLAPSING!!!" Trump posted in his trademark all-caps style on his social media platform Truth Social.

“President Trump decimated Iran’s economy to a point where the rial has never been weaker and inflation has rarely been higher,” US Treasury Secretary Scott Bessent wrote Sunday in an opinion piece in the Financial Times.

“The regime’s final refuge now lies in the self-deception of fearful nations that still believe accommodating aggression can secure a durable peace.”


Health of Norway's King Deteriorated but he is Stable Now

(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)
(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)
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Health of Norway's King Deteriorated but he is Stable Now

(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)
(FILES) Norway's King Harald gives a speech at the gala dinner at the Castle in Oslo on April 8, 2025 during the state visit of Iceland's President Halla Tomasdottir and her husband Bjorn Skulason. (Photo by Fredrik Varfjell / NTB / AFP)

Crown Prince Haakon visited his father King Harald of Norway on Monday at the hospital, after the king's health deteriorated over the weekend, public broadcaster NRK reported.

The 89-year-old monarch, who has been on sick leave for several weeks, was admitted to the National Hospital a week ago. He is now receiving antibiotics for a bacterial blood infection and has responded to treatment, the royal palace said late Sunday, adding that his condition is stable.

Haakon, has been serving as regent during that time, The Associated Press quoted the palace as saying.

The king has hemolytic anemia and was being treated with cortisone, leading to fluid accumulation in the body that required hospital treatment, the palace said last week.

Norway's prime minister sent his wishes for the king and said that “all of Norway is following and thinking about the king,” NRK reported.

“My strong wish is that he continues to receive good treatment from the good healthcare system we have,” Prime Minister Jonas Gahr Støre said.

Harald, who has been monarch since 1991, has been in and out of the hospital several times in recent years.

In February, he was admitted to a hospital in Spain’s Canary Islands during a winter vacation for treatment for a skin infection.

Two years ago, the king fell ill during a private vacation with the queen in Malaysia and received a temporary pacemaker there. Harald returned aboard a medical airplane to Norway, where he was fitted with a permanent pacemaker.