US to release frozen Iranian funds per deal

As part of the agreement to open the Strait of Hormuz, the United States has agreed to release billions of dollars in frozen Iranian funds, according to a Reuters report. This financial concession was previously mentioned by an Iranian official as a key component of the deal. The development marks a significant step in the ongoing negotiations between Washington and Tehran, which have centered on the strategic waterway and the Lebanon ceasefire. The release of funds represents a tangible US concession in exchange for Iran's pledge to allow commercial shipping to resume.