Iran, US finalise agreement on release of $12b in frozen assets (opens original article in a new tab)

Iran and the US have finalised an agreement to release $12 billion in frozen assets, with temporary relief measures for several sectors to resume maritime activity in the Strait of Hormuz.

• Iran and US finalise agreement to release $12b in frozen assets
• Agreement includes temporary relief for oil, petrochemicals, banking, insurance, and transportation sectors
• Agreement aims to resume maritime activity in Strait of Hormuz