Iran says frozen funds key to progress in US talks

AFP , Saturday 6 Jun 2026

The release of frozen Iranian funds has become a key issue in negotiations between Tehran and Washington aimed at ending their war, a senior Iranian official said.

iran
Iranians hold national flags as people gather in Tehran's Revolution Square after the United States and Iran agreed to a two-week ceasefire. AFP

 

Iran has been subject to asset freezes and sweeping sanctions by the United States and other Western countries since its 1979 Islamic revolution that toppled the US-backed Shah, Mohammad Reza Pahlavi.

In an interview broadcast on Friday, Mohsen Rezaei, a former commander of the Islamic Revolutionary Guard Corps and an adviser to Iran's supreme leader, said the talks were failing over the release of Iranian assets.

"If he (Trump) wants to reach an agreement with Iran, this $24 billion is a test of trust that Iran wants to have with Trump," he told CNN, according to an English translation of his remarks provided by the channel.

"This is a test that America must pass and the path will be opened," he said, adding that "this is our own money, not America's money".

While there is no official figure for the total amount of frozen Iranian assets, media reports have estimated the sum at between $100 billion and $123 billion.

Iran has conditioned an agreement to end the war on several demands, including the release of the frozen funds.

Fighting broke out on February 28 when the United States, backed by Israel, launched a war on Iran, killing former Supreme Leader Ayatollah Ali Khamenei and several senior military commanders, along with dozens of civilians, including nearly 160 children.

The attacks prompted Iran to launch retaliatory missile and drone strikes against Israel and US allies in the Gulf.

A ceasefire took effect on April 8, but diplomatic efforts to permanently end the war have yet to produce a settlement.

Among its conditions, Iran has also called for an end to hostilities on all fronts, including in Lebanon, where Israel is waging a fierce war that has killed thousands of people and displaced more than one million..

Despite their ceasefire, tensions remain high between Tehran and Washington.

Rezaei warned that Iran would "drag the war" beyond the Gulf if the United States resumed hostilities, bringing "another dimension to the war".

But he added that "the possibility of war is low".

Short link: