Iran central bank governor Hemmati said frozen Iranian assets made "significant progress" toward release in recent talks and that relevant documents were signed during the round. He described frozen central bank assets as among the most complex issues in the negotiations. Under the arrangements, funds will be phased into use over the coming days subject to agreed conditions and procedures set by the Central Bank of Iran. On oil and petrochemicals, Hemmati said the sanctions-waiver mechanism unde

Iran central bank governor Hemmati said frozen Iranian assets made "significant progress" toward release in recent talks and that relevant documents were signed during the round. He described frozen central bank assets as among the most complex issues in the negotiations. Under the arrangements, funds will be phased into use over the coming days subject to agreed conditions and procedures set by the Central Bank of Iran. On oil and petrochemicals, Hemmati said the sanctions-waiver mechanism under the Iran-US memorandum of understanding should already be activated and that the US Treasury’s Office of Foreign Assets Control has been agreed to implement the arrangements.