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US unfreezes $12bn for Iran, waives oil sanctions
World

US unfreezes $12bn for Iran, waives oil sanctions

The US has waived oil sanctions on Iran and agreed to release $12 billion in frozen funds following Iran's commitment to allow international nuclear inspections. Iran's chief negotiator has signalled openness to US cooperation on reopening the Strait of Hormuz, while warning the waterway will never return to its pre-war status.

MarketStrait of Hormuz traffic returns to normal by July 31?
Strait of Hormuz traffic returns to normal by July 31?49% chance
Sources
Ghalibaf: US and Iran can work together to reopen Strait of Hormuz

Ghalibaf: US and Iran can work together to reopen Strait of Hormuz

Al Jazeera · Jun 23

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