Iranian Deputy Foreign Minister Kazem Garibabadi
According to the diplomat, the parties are also moving toward the practical implementation of the agreement to unfreeze $12 billion in Iranian assets. The funds are expected to be released in two tranches of $6 billion each, RBC reports.
Garibabadi stated that, as part of the negotiations, a mechanism for the safe passage of ships through the Strait of Hormuz was approved. In addition, the parties agreed to establish a conflict prevention unit in Lebanon with the participation of Pakistan and Qatar.
According to him, steps were taken during the consultations to issue a general license for the sale of Iranian oil, petrochemical products, petroleum products, and related services. The Iranian official stated that the U.S. side had already issued the relevant general license.
U.S. President Donald Trump, commenting on the agreements reached, said that Washington would monitor how Tehran uses the proceeds from oil exports.
“We’ll see,” Trump replied when asked about guarantees that Iran would not use these funds to rebuild its armed forces.
According to the U.S. leader, the released funds should be used primarily to purchase food. He noted that corn, soybeans, and other products under the memorandum of understanding will be purchased exclusively in the United States from American producers.
Trump also stated that the Strait of Hormuz remains open to shipping and warned that Washington would take the necessary measures should Tehran fail to fulfill its obligations.
For his part, Iranian Parliament Speaker Mohammad Bagher Ghalibaf noted that the situation surrounding the Strait of Hormuz has changed since the conflict and will not return to its pre-war state. He emphasized that the strait will be managed in accordance with international law and Iran’s existing agreements.
