Amidst the ongoing war in the Middle East, talks are going on between America and Iran on a proposal under which Iran can be given access to more than 16 billion dollars of its restricted funds kept in Qatar and other countries of the world. The Dailypioneer report has cited European officials and sources related to the talks. The purpose of this step is to reduce tension between America and Iran and move towards a possible peace agreement between the two countries. Earlier, the US had allowed limited use of these funds only for purchases related to humanitarian needs, but after the start of the Israel-Hamas conflict in the year 2023, this access was restricted.

Under the current proposal, Iran may be allowed to use its frozen funds in a controlled manner, so that US sanctions are not violated. However, the US has also made it clear that any kind of initial sanctions relief will be possible only if Iran shows progress on promises related to its nuclear program and takes positive steps on major issues related to regional security. Many officials including US Secretary of State Marco Rubio have reiterated the same thing.

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Tension continues in the Strait of Hormuz

This discussion is taking place at a time when intense diplomatic activities are going on in the region. Along with efforts to reduce tensions in the Strait of Hormuz, possible agreements related to Iran’s nuclear program and regional stability are also being discussed. Although hopes for a peace agreement have increased, Iran has clearly stated that it has not yet taken a final decision on any proposal or agreement.

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