The Biden administration has cleared the way for the release of five American citizens detained in Iran by issuing a blanket waiver for international banks to transfer $6 billion in frozen Iranian money from South Korea to Qatar without fear of US sanctions. In addition, as part of the deal, the administration has agreed to release five Iranian citizens held in the United States.
Secretary of State Antony Blinken signed off on the sanctions waivers late last week, a month after US and Iranian officials said an agreement in principle was in place.
