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US allows $6 billion transfer as part of Iran prisoner swap

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The United States waived sanctions to allow the transfer of $6 billion in Iranian funds from South Korea to Qatar, a step needed to carry out a previously announced U.S.-Iran prisoner swap, according to a U.S. document seen by Reuters on Monday.

The broad outlines of the U.S.-Iran deal under which five U.S. citizens detained by Iran would be allowed to leave in exchange for the transfer of the funds and the release of five Iranians held in the United States were made public on Aug. 10.

According to the State Department document seen by Reuters, Secretary of State Antony Blinken determined that waiving the sanctions was in the national security interests of the United States.

The document sent to U.S. congressional committees marks the first time the U.S. government has formally acknowledged it is releasing five Iranians detained in the United States as part of the agreement to secure the freedom of the five U.S. citizens, read the report.

“To facilitate their release, the United State has committed to release five Iranian nationals currently detained in the United States and to permit the transfer of approximately $6 billion in Iranian funds held in restricted accounts in the (Republic of Korea) to restricted accounts in Qatar, where the funds will be available only for humanitarian trade,” it said.

The document said the transfer of funds would only provide “limited benefit to Iran” since the funds can only be used for humanitarian trade.

“Allowing these funds to be transferred from restricted Iranian accounts held in the (Republic of Korea) to accounts in Qatar for humanitarian trade is necessary to facilitate the release of these U.S. citizens,” the document said.

White House spokesperson Adrienne Watson said in a statement late on Monday that Blinken, on Sept. 8, had undertaken “a procedural step in an ongoing process to ensure Iranian funds can move from one restricted account to another and remain restricted to humanitarian trade.”

She said the administration had kept Congress informed from the start of the process.

“As we have said from the outset, what is being pursued here is an arrangement wherein we secure the release of 5 wrongfully held Americans. This remains a sensitive and ongoing process,” she said. “While this is a step in the process, no individuals have been or will be released into U.S. custody this week.”

The transfer of the $6 billion and the prisoner exchange could take place as early as next week, according to eight Iranian and other sources familiar with the negotiations, read the report.

The waiver applies to certain financial institutions that fall under the primary jurisdiction of Germany, Ireland, Qatar, South Korea and Switzerland to engage in transactions with the National Iranian Oil Company, the Central Bank of Iran and other Iranian financial institutions under U.S. sanctions, it added.

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Iran’s FM calls Oman-mediated talks with US ‘good start’

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Iran’s foreign minister on Friday described talks with the United States in Oman as a “good start,” saying the negotiations “can also have a good continuation,” Iranian state media reported.

The discussions, mediated by Oman, marked a resumption of nuclear diplomacy between Tehran and Washington. Iranian state media said the current round of talks concluded on Friday, with both delegations returning to their respective capitals.

Speaking to state media reporters in Muscat, Iranian Foreign Minister Abbas Araghchi said the talks’ progress depends on the U.S. and on decisions made in Tehran.

Araghchi said a “significant challenge” remains, citing a prevailing atmosphere of distrust. He said Iran’s priority is to overcome this distrust and then establish an agreed framework for the talks and the issues on the table.

He described the talks as a fresh round of dialogue after eight turbulent months that included a war, saying the accumulated distrust presents a major obstacle to negotiations.

“If this same approach and perspective are maintained by the other side, we can reach an agreed framework in future sessions,” Araghchi said, adding that he did not want to judge prematurely.

Iranian Foreign Ministry spokesman Esmaeil Baqaei also confirmed on the social media platform X that both sides agreed to continue talks and would decide the next round in consultation with their capitals.

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Pakistan sends helicopters, drones to end desert standoff; 58 dead

The BLA, which has urged people of the province to support the movement, said on Tuesday it had killed 280 soldiers during its Operation “Herof”, Black Storm, but gave no evidence.

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Pakistan’s security forces used drones and helicopters to wrest control of a southwestern town from separatist insurgents after a three-day battle, police said on Wednesday, as the death toll in the weekend’s violence rose to 58, Reuters reported.

Saturday’s wave of coordinated attacks by the separatist Baloch Liberation Army brought Pakistan’s largest province to a near standstill as security forces exchanged fire with insurgents in more than a dozen places, killing 197 militants.

“I thought the roof and walls of my house were going to blow up,” said Robina Ali, a housewife living near the main administrative building in the fortified provincial capital of Quetta, where a powerful morning blast rocked the area.

Fighters of the BLA, the region’s strongest insurgent group, stormed schools, banks, markets and security installations across Balochistan in one of their largest operations ever, killing more than 22 security officials and 36 civilians, read the report.

Police officials gave details of the situation on condition of anonymity as they were not authorised to speak to the media.

In the desert town of Nushki, home to about 50,000, the insurgents seized control of the police station and other security installations, triggering a three-day standoff.

Police said seven officers were killed in the fighting before they regained control of the town late on Monday, while operations against the BLA continue elsewhere in the province.

“More troops were sent to Nushki,” said one security official. “Helicopters and drones were used against the militants.”

Pakistan’s interior ministry did not immediately respond to a Reuters request for comment.

Pakistan’s largest and poorest province, mineral-rich Balochistan borders Iran and Afghanistan and is home to Beijing’s investment in the Gwadar deepwater port and other projects.

It has grappled with a decades-long insurgency led by ethnic Baloch separatists seeking greater autonomy and a larger share of its natural resources.

The BLA, which has urged people of the province to support the movement, said on Tuesday it had killed 280 soldiers during its Operation “Herof”, Black Storm, but gave no evidence.

Security officials said the weekend attacks began at 4 a.m. on Saturday with suicide blasts in Nushki and the fishing port of Pasni and gun and grenade attacks in 11 more places, including Quetta.

The insurgents seized at least six district administration offices during the siege and had advanced at one point to within 1 km (3,300 ft) of the provincial chief minister’s office in Quetta, the police officials said.

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Turkish President Erdogan meets Saudi Crown Prince in Riyadh

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Turkish President Recep Tayyip Erdogan met with Saudi Crown Prince Mohammed bin Salman in Riyadh on Tuesday, marking the first stop of his regional tour, according to Türkiye’s Communications Director Burhanettin Duran.

Erdogan is in Saudi Arabia on an official visit, accompanied by his wife, First Lady Emine Erdogan, as well as Foreign Minister Hakan Fidan, Finance Minister Mehmet Simsek, Defense Minister Yasar Guler and other senior officials.
No further details were released about the closed-door meeting.

Following the talks, bin Salman hosted a closed-door dinner in honor of the Turkish president at the Yemame Palace. Earlier in the day, Erdogan was welcomed by the crown prince during an official reception.

The Riyadh visit is the first leg of Erdogan’s tour of regional countries.

He is scheduled to travel to Cairo on Wednesday at the invitation of Egyptian President Abdel Fattah al-Sisi to co-chair the second meeting of the Türkiye-Egypt High-Level Strategic Cooperation Council.

During his visit to Egypt, Erdogan and Sisi are expected to discuss bilateral relations and exchange views on regional and international developments, with a particular focus on the situation in Palestine, Duran said.

The Turkish president is also set to attend a Türkiye-Egypt Business Forum in Cairo.

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