Iran Exerts More Efforts to Release Frozen Assets

Iranian Vice President Mohammad Mokhber responds to journalists on the sidelines of the government meeting (IRNA)
Iranian Vice President Mohammad Mokhber responds to journalists on the sidelines of the government meeting (IRNA)
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Iran Exerts More Efforts to Release Frozen Assets

Iranian Vice President Mohammad Mokhber responds to journalists on the sidelines of the government meeting (IRNA)
Iranian Vice President Mohammad Mokhber responds to journalists on the sidelines of the government meeting (IRNA)

Iran's assets frozen by US sanctions have been released in some countries, and Tehran is trying to access the rest, announced First Vice President Mohammed Mokhber.

Mokhber told reporters that preparations had been made to secure the release of the blocked assets in other countries without naming them or providing details.

He highlighted the administration's efforts to contain inflation in the country, despite the Ukrainian war and the widespread protests that erupted after the death of Kurdish Mahsa Amini during police custody.

The annual inflation in the last Iranian year, which ended on March 20, dropped from 59 percent in August 2021 to 46 percent, said Mokhber.

- US denies interim agreement

US and Iran denied press reports that they had reached an interim agreement, including releasing the frozen assets in exchange for Iranian nuclear concessions and releasing Iranian-US detainees.

US State Department spokesman Matthew Miller said in a press conference that the reports of an interim deal are "completely false."

Asked about negotiations with Iran, Miller asserted that the US administration always had the "ability" to deliver messages to Iran when it's in Washington's interests to do so.

He reiterated that the administration is committed to ensuring that Iran never obtains a nuclear weapon, recalling that "diplomacy is the best means to accomplish that."

Miller confirmed that Iran could only access its funds held in accounts for Iraq for humanitarian and other non-sanctionable transactions.

"The United States has approved similar transactions on an ongoing basis, consistent with US law and in full coordination with the Government of Iraq."

On Monday, Iranian Foreign Ministry spokesman Nasser Kanaani said during a press conference that his country might conclude an imminent agreement for exchanging prisoners, noting that there is no such thing as negotiations for an interim agreement or new arrangements to replace the nuclear deal.

The reports said Iran's frozen assets in South Korea, Iraq, and the International Monetary Fund are expected to be released.

Last week, Iraq agreed to pay Iran about $2.76 billion in gas and electricity debt after receiving a sanctions waiver from the US.

Iraqi Foreign Ministry spokesperson Ahmed al-Sahhaf said in a brief statement that Foreign Minister Fuad Hussein had made progress "regarding financial dues between Iraq and Iran during his discussion with his American counterpart in Riyadh" when asked about the funds.

Hussein met the US Secretary of State Antony Blinken on the sidelines of the Riyadh Conference last Thursday.

- Banking discussions in Qatar

Meanwhile, the official IRNA news agency reported that the governor of the Central Bank of Iran, Mohammad Reza Farzin, met his Qatari counterpart in Doha.

The Iranian ambassador to Qatar, Hamid Dehghani, tweeted that the policy of strengthening relations with neighboring countries requires developing monetary and banking cooperation.

Qatar News Agency (QNA) stated that Farzin held talks with the Governor of Qatar Central Bank (QCB), Sheikh Bandar bin Mohammed bin Saoud Al-Thani and discussed the bilateral relations between the two countries in the financial and banking fields.

The Central Bank of Iran stated that Farzin's visit to Doha comes within the government's regional diplomacy framework to boost monetary, banking, and economic cooperation.

The governor will talk with banking officials in Qatar to strengthen bilateral and multilateral relations.

Aside from the US sanctions preventing Iran from dealing in dollars and severing its banks' connection to the SWIFT network, Iranian banks face international restrictions.

Paris-based Financial Action Taskforce (FATF) placed Iran on its blacklist after it failed to comply with international anti-terrorism financing norms.



Pakistan Says Clashes with Neighbor India Killed More Than 50 

Villagers look for the fragments in a crater outside a house damaged by a cross-border shelling last week at Kot Maira, a border village in Jammu region, May 12, 2025. (Reuters)
Villagers look for the fragments in a crater outside a house damaged by a cross-border shelling last week at Kot Maira, a border village in Jammu region, May 12, 2025. (Reuters)
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Pakistan Says Clashes with Neighbor India Killed More Than 50 

Villagers look for the fragments in a crater outside a house damaged by a cross-border shelling last week at Kot Maira, a border village in Jammu region, May 12, 2025. (Reuters)
Villagers look for the fragments in a crater outside a house damaged by a cross-border shelling last week at Kot Maira, a border village in Jammu region, May 12, 2025. (Reuters)

Pakistan's army said on Tuesday that more than 50 people were killed in last week's military clashes with India which ended in a ceasefire agreed by the nuclear-armed neighbors, restoring peace to their border.

The arch rivals fired missiles and drones targeting each other's military installations after India said it struck "terrorist infrastructure" sites in Pakistan and Pakistani Kashmir on Wednesday in retaliation for an attack on tourists.

Pakistan said the targets were all civilian. Its military said the dead in the attacks comprised 40 civilians and 11 of its armed forces.

India has said at least five military personnel and 16 civilians died.

Both agreed to a ceasefire on Saturday, following diplomacy and pressure from the United States.

The Indian military has said its bases are operational, despite minor damage.

It was a "very special experience to be with those who epitomize courage, determination and fearlessness", Prime Minister Narendra Modi said on Tuesday, in comments posted on X accompanying photographs of his visit to the Adampur air base.

The base near the border in India's northern state of Punjab is a strategic location for its air force.

On Monday, Modi warned Pakistan that New Delhi would again target "terrorist hideouts" across the border if there were new attacks on India and would not be deterred by what he called Islamabad's "nuclear blackmail".

India blames Pakistan for an attack in Kashmir on April 22 targeting Hindu tourists that killed 26 men. Islamabad denies the accusations.

Hindu-majority India and Muslim Pakistan both rule part of the Himalayan region of Kashmir, but claim it in full.

The neighbors have fought two of their three wars since independence in 1947 over the region and there have been several other limited flare-ups, including in 1999 and 2019.

India has said the military operations chiefs of both nations spoke by telephone on Monday, reiterating their commitment to halt firing and consider steps to reduce troops on the border. Pakistan has not provided details of the call.