Intensified Talks: Iran-U.S. Seek Preliminary Deal on Frozen Funds

Intensified efforts are underway for a preliminary deal between Iran and the U.S. despite existing tensions. Discussions focus on releasing frozen Iranian funds. A political understanding may be achieved, but key details are still under negotiation, including how to release substantial Iranian oil revenues.

Iran and the United States are intensifying talks to reach a preliminary agreement, despite recent hostilities, as they negotiate the mechanics of releasing Iran's frozen funds, according to insiders and a European official.

While messages between Tehran and Washington continue to be exchanged over a memorandum of understanding, a political consensus seems within reach, although some challenging topics remain on the table, like the management of tens of billions of dollars in unattainable Iranian oil income.

Iran seeks the release of $6 billion to $12 billion to Tehran, whereas the U.S. prefers a phased disbursement for humanitarian purposes, rejecting an outright transfer, reporting Iranian sources. The clerical establishment prioritizes creating a minimally sufficient economic cushion by unlocking blocked assets, aiming for survival amidst diplomatic strains.