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International Business Times
International Business Times
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Iran Says Qatar Released Billions In Frozen Funds After Ceasefire Cracks Over Hormuz Strikes

Iranian President Masoud Pezeshkian said Qatar released $6 billion in frozen funds belonging to the country. (Credit: Getty Images)

Iranian President Masoud Pezeshkian said Qatar released $6 billion in frozen funds belonging to the country after the country exchanged strikes with the U.S. in the Strait of Hormuz, putting the ceasefire under strain.

"Based on the plans made, $6 billion out of the total $12 billion of Iranian resources in Qatar will be released and returned to the country, and necessary follow-ups are being carried out," Pezeshkian said in remarks posted by state-run IRNA news agency. He went on to praise the deal reached with the U.S., calling it a "great victory for the Iranian people."

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