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The Economic Times
The Economic Times

US set to release $12 billion in frozen Iranian assets amid peace deal framework: Report

Iran's frozen assets worth USD 12 billion continue to be a primary bone of contention even as the world celebrates a peace deal between the US and Tehran, which is scheduled to be signed on Friday in Geneva.

According to Iran's Mehr news agency, which cited a 14-point memorandum of understanding, the US has agreed to release the frozen assets before the start of negotiations, which focus on key issues including Tehran's nuclear programme.

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