Would you like to receive notifications on latest updates of the following headlines?

Us, Iran To Swap Detainees, Qatar Confirms $6Bn Unfrozen

POSTED ON November 8, 2023 •   World      BY Segun Adewole
In a groundbreaking development on Monday, a Qatari aircraft stood by in Iran to transport five United States (US) detainees to Doha, marking the successful execution of a deal mediated by Qatar. This exchange involved the release of five Iranians detained in the United States and the unfreezing of $6 billion in Iranian funds. Sources indicate that the funds have already been transferred to accounts in Qatar, a pivotal step in the carefully negotiated agreement between Iran and the United States, who have long-standing disputes, including Tehran's nuclear ambitions and various other contentious matters. A source privy to the situation revealed, "A Qatari aircraft is on standby in Iran waiting to fly five soon-to-be released U.S. citizens and two relatives to Doha on Monday morning." Iran's Foreign Ministry spokesperson, Nasser Kanaani, confirmed that the frozen funds, held in South Korea since 2018 due to U.S. sanctions, would become accessible to Tehran on Monday. The deal stipulates that Qatar will ensure the funds are dedicated to humanitarian purposes. The release of the five American detainees, all with dual nationality, is expected to follow their arrival in Doha, with their ultimate destination being the United States. In return, five Iranians detained in the U.S. will regain their freedom. Two of the released Iranians will return to Iran, while two have chosen to remain in the U.S., and one detainee will reunite with their family in a third country. This deal represents a significant step in easing tensions between the U.S., which designates Iran as a state sponsor of terrorism, and Iran, which refers to Washington as the "Great Satan." However, numerous disputes still exist, spanning Iran's nuclear program, regional influence, U.S. sanctions, and military presence in the Gulf. Qatar, a wealthy Gulf Arab nation, has actively pursued a higher global profile, recently hosting the FIFA World Cup and participating in international diplomacy. Despite hosting a significant U.S. military base, Qatar has also cultivated close ties with Iran. As part of the agreement, Qatar will oversee the utilization of the unfrozen funds to ensure they are allocated exclusively to humanitarian necessities such as food and medicine, avoiding any items subject to U.S. sanctions. The transfer of these funds has faced criticism from U.S. Republicans, who allege that it amounts to a ransom payment for American citizens. Nevertheless, the White House has defended the deal. Among the released U.S. dual citizens are Siamak Namazi, Emad Sharqi, and Morad Tahbaz. Additionally, one U.S. citizen has been placed under house arrest, and another was already under such conditions. The five Iranians to be released by the U.S. have been named as Mehrdad Moin-Ansari, Kambiz Attar-Kashani, Reza Sarhangpour-Kafrani, Amin Hassanzadeh, and Kaveh Afrasiabi, though it is unclear if all will remain in the United States. U.S.-Iran relations have been fraught since former President Donald Trump withdrew from the 2018 nuclear deal. Prospects for a new agreement remain uncertain, with President Joe Biden focused on the upcoming 2024 U.S. election. The initial step of waiving sanctions allowed the transfer of $6 billion in Iranian funds from South Korea to Qatar, marking a significant development after years of financial restrictions imposed by Washington.
READ ALSO
S’Africa support Tshabalala's candidacy for AfDB, aiming for economic transformation
BY Abiodun Saheed Omodara February 28, 2025 0

The government of South Africa has shown its support for financial strategist and former Senior Vice...

READ ALSO
Keir Starmer dismisses Kemi Badenoch's claims as a 'Desperate Bid for Relevance
BY Abiodun Saheed Omodara February 27, 2025 0

UK Prime Minister Keir Starmer, on Wednesday, delivered a sharp rebuke to Tory leader Kemi Badenoch,...

READ ALSO
Tinubu's call for investment sparks concerns in Belgium over future oil trade
BY Abiodun Saheed Omodara February 26, 2025 0

Belgium has expressed concerns regarding the possible loss of a significant share of its petroleum p...

READ ALSO
China’s Visa Process Simplified: Over 19,000 issued in Lagos
BY Abiodun Saheed Omodara February 25, 2025 0

The Consul General of the People’s Republic of China in Lagos,Yan Yuqing, has remarked that ob...

READ ALSO
Nigeria, China seeks enhance bilateral cooperation to drive economic diversification-Ojukwu
BY Abiodun Saheed Omodara February 21, 2025 0

The federal government on Thursday emphasized the importance of enhanced bilateral cooperation with...

READ ALSO
U.S. Air Force to target terrorist groups in Africa -  Gen. Hecker
BY Abiodun Saheed Omodara February 20, 2025 0

Commander of the U.S. Air Forces in Europe and Africa (USAFE-AFAFRICA), Gen. James Hecker, &nbs...

READ ALSO
ECOWAS court enhances freedom of expression across member states
BY Abiodun Saheed Omodara February 20, 2025 0

The ECOWAS Court of Justice has significantly enhanced regional and international law since its esta...

READ ALSO
Over 18 passengers escape death in Canada plane crash
BY Abiodun Saheed Omodara February 18, 2025 0

At least 18 passengers on board a crashed Delta Airlines regional jet have survived death after the...

OUR CHANNELS:

Minister calls for enhanced female engagement in finance
BY Abiodun Saheed Omodara March 3, 2025 0

ABUJA, Nigeria (NAN) - The Minister of State for Finance, Doris Uzoka-Anite, urged women to take adv...


Fuel prices drop as NNPCL cuts petrol cost, encouraging future reductions
BY Abiodun Saheed Omodara March 3, 2025 0

The Nigerian National Petroleum Company Limited (NNPCL) has announced a reduction in petrol pump pri...


UK, Nigeria unite to boost trade, economic growth through quality standards
BY Abiodun Saheed Omodara March 3, 2025 0

The governments of the United Kingdom and Nigeria have reiterated their dedication to enhancing trad...


Fuel Price Adjustment: Dangote Refinery offers N65 reimbursement to customers amid price cut
BY Abiodun Saheed Omodara March 3, 2025 0

Dangote Petroleum Refinery & Petrochemicals has declared its intention to reimburse customers wh...


Fubara orders new LG elections following Supreme Court ruling
BY Abiodun Saheed Omodara March 3, 2025 0

PORT HARCOURT- The governor of Rivers State, Siminalayi Fubara, has instructed the Rivers State Inde...


SERAP demands suspension of CBN's ATM fee increase as legal case unfolds
BY Abiodun Saheed Omodara March 3, 2025 0

LAGOS,Nigeria - The Socio-Economic Rights and Accountability Project (SERAP), a non-profit organizat...


ITF commences onboarding for Artisan trainees in groundbreaking skill development initiative
BY Abiodun Saheed Omodara March 3, 2025 0

ABUJA,Nigeria (NAN)- The Industrial Training Fund (ITF) has announced the commencement of onboarding...


NDLEA nabs Angolan Tycoon with 120 pellets at Kano Airport
BY Abiodun Saheed Omodara March 2, 2025 0

The National Drug Law Enforcement Agency (NDLEA) has apprehended a 42-year-old Angolan businessman,...


Chief Imam urges Muslim Men to support wives during Ramadan
BY Abiodun Saheed Omodara March 3, 2025 0

The Chief Imam of Ajiyobiojo Central Mosque in Ilorin, Kwara State, Saheed Ajiyobiojo, has urged Mus...


Inflation Surges: Nigerians advocate for policies to support economic stability and growth
BY Abiodun Saheed Omodara March 3, 2025 0

Nigerians have urged the federal government to put in place effective measures to curb inflation and...


More Articles

Load more...

Menu