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Iranian source says US has agreed to unfreeze Iranian funds held in Qatar, other countries

A senior U.S. official has rejected claims made by Iranian source regarding the release of Tehran’s frozen assets.

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A senior Iranian source said on Saturday the U.S. had agreed to release Iranian frozen assets held in Qatar and other foreign banks, welcoming ​the move as a sign of “seriousness” in reaching a deal with Washington in talks ‌in Islamabad, Reuters reported.

The source, who declined to be named due to the sensitivity of the matter, told Reuters that unfreezing the assets was “directly linked to ensuring safe passage through the Strait of Hormuz”, which is expected to be ​a key issue in the talks.

The senior source did not give a value for ​the assets that Washington had agreed to unfreeze. A second Iranian source ⁠said the United States had agreed to release $6 billion of frozen Iranian funds held by Qatar.

A senior U.S. official has rejected claims made by Iranian source regarding the release of Tehran’s frozen assets. In a statement to CBS News, the official said that the United States has not agreed to unfreeze any Iranian funds.

According to the report, talks with Iran have not yet begun, and therefore no agreements or arrangements have been discussed at this stage.

The $6 billion, originally frozen in 2018, had been due for release in 2023 as part of a U.S.-Iranian prisoner swap but the funds were ​again frozen by the administration of President Joe Biden following the October 7, 2023 attacks ​on Israel by Iran’s ally, the Palestinian militant group Hamas.

U.S. officials said at the time that Iran ‌would not ⁠be able to access the money for the foreseeable future, stressing that Washington retained the right to completely freeze the account, read the report.

The funds stem from Iranian oil sales to South Korea and had been blocked in South Korean banks after President Donald Trump reimposed sanctions on Iran ​in 2018 – during his ​first term in ⁠the White House – and scrapped a deal between world powers and Tehran over its nuclear programme.

Under the September 2023 U.S.–Iran prisoner swap mediated ​by Doha, the money was transferred to Qatari bank accounts. The prisoner ​swap involved ⁠the release of five U.S. citizens detained in Iran in exchange for the funds’ release and the release of five Iranians held in the United States.

U.S. officials said at that time that ⁠the money ​was restricted to humanitarian use only, to be disbursed ​to approved vendors for food, medicine, medical equipment and agricultural goods shipped into Iran under U.S. Treasury oversight.

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Azerbaijan hosts record-breaking World Urban Forum in Baku

The event is also seen as an opportunity for Azerbaijan to showcase its long-term vision for sustainable urban planning and regional development to a global audience.

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Azerbaijan is hosting the 13th session of the World Urban Forum in Baku from May 17 to May 22, bringing together tens of thousands of participants from around the world to discuss the future of sustainable cities and urban development.

The forum officially opened on Saturday at the Baku Olympic Stadium and is being organized jointly by the Azerbaijani government and UN-Habitat.

According to organizers, more than 40,000 participants from 182 countries have registered for the event, making it the largest edition in the forum’s history and highlighting Azerbaijan’s growing role as a host of major international gatherings.

Government officials, urban planners, investors, academics and representatives from international organizations and civil society are expected to participate in discussions on sustainable urbanization, climate resilience, affordable housing, digital transformation and the development of environmentally friendly cities.

A key focus of this year’s forum will be Azerbaijan’s reconstruction and development projects in Karabakh and East Zangazur. Officials are expected to present the country’s “smart city” and “smart village” initiatives in the formerly conflict-affected territories, alongside plans to develop the region as a green energy zone.

The event is also seen as an opportunity for Azerbaijan to showcase its long-term vision for sustainable urban planning and regional development to a global audience.

For the first time in the history of the World Urban Forum, the event will include a special Leaders’ Summit segment aimed at increasing high-level political dialogue on global urban challenges.

To accommodate the large international audience, simultaneous interpretation is being provided in the six official United Nations languages — Arabic, Chinese, English, French, Russian and Spanish — as well as Azerbaijani and Turkish.

Regional media representatives, including reporters covering the forum from Baku, are also attending the event to provide on-the-ground coverage of the discussions and outcomes.

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Gaza mosques announce death of Hamas military leader after Israeli targeting claim

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Mosques in northern Gaza ​on Saturday announced ‌that Hamas’ military wing commander had died, ​a day ​after Israel’s military said ⁠that it had ​targeted the armed ​wing chief in airstrikes.

Witnesses said that mosques in ​Gaza City ​had announced Izz al-Din al-Haddad’s “martyrdom”. ‌There ⁠was no immediate comment from Hamas on the fate ​of ​the ⁠group’s military chief, Reuters reported.

Israel has ​not said ​if ⁠he was killed in the air ⁠strikes.

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Iran has ‘no trust’ in US, will negotiate only if it is serious, Araqchi says

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Tehran has “no trust” ‌in the U.S. and is interested in negotiating with Washington only if it is serious, Iranian Foreign Minister Abbas Araqchi said on Friday, as talks on ending the war remained on hold.

Araqchi told reporters in New Delhi that all vessels can pass through the Strait of ​Hormuz except those “at war” with Tehran, if they coordinate with Iran’s navy.

But the situation around the waterway, ​vital to global energy and commodities markets, was “very complicated”, he added, during a visit to ⁠attend a BRICS foreign ministers’ meeting in India.

In a post on X, Araqchi said he told India’s Foreign Minister Subrahmanyam ​Jaishankar that “Iran will always carry out historical duty as protector of security in Hormuz,” according to his post on X.

Iran ​effectively shut the strait, which normally handles about one-fifth of the world’s seaborne oil and gas supply, to most shipping after the U.S. and Israel began their war on Iran in February.

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