Iran seeks to release $24bn funds frozen overseas in potential deal with the US

Iran is seeking to release around $24bn of its funds frozen overseas in a potential deal with the US, the Tasnim news agency reported. 

According to source close to Tehran’s negotiation team, the frozen funds must be released under a memorandum of understanding that is being discussed with Washington. 

The report added that Iran’s leading negotiator Mohammad Baqr Qalibaf’s visit to Qatar aimed to reach an agreement to implement this demand.