Tensions between Iran and the United States have increased amid disagreements over Iran’s frozen assets abroad. According to reports, Tehran is seeking the release of about $12 billion as an initial payment and a total of $24 billion within 60 days of a preliminary agreement. Iranian officials say the assets belong to Iran and should be released immediately upon any deal. Washington has rejected any upfront payment, insisting that the release of funds must be tied to specific Iranian steps regarding its nuclear programme. US officials have also expressed concern that the funds could be used to strengthen Iran’s military capabilities and support regional allied groups. Estimates indicate that Iran holds nearly $100 billion in frozen assets in several countries, including China, Qatar, Oman and Iraq. Reports say the dispute has recently added to growing political and military tensions between the two countries.
