Tehran Says $100 Billion in Frozen Funds Key to Any US Deal

Published by: The Fatu Network

Iran says its latest proposal to the United States includes lifting sanctions and releasing frozen Iranian funds believed to be worth more than $100 billion, money Tehran says has remained locked abroad for years under US-led sanctions.

Iranian officials argue the sanctions have severely damaged the country’s economy, with inflation reportedly surging above 60 percent in recent months and the Iranian rial, the country’s currency, falling to record lows against the US dollar.

Millions of Iranians have also faced soaring prices for food, medicine, fuel and transport as the economic pressure continues to deepen.