The United States would have agreed to release part of the Iranian assets frozen in Qatar and other foreign banksas part of a possible agreement with Tehran, according to Reuters. The measure would be directly linked to guaranteeing safe passage through the Strait of Hormuz, one of the key strategic points of the conflict.
This move comes in the midst of negotiations between Washington and Iran, led by US Vice President JD Vance, in an attempt to consolidate a ceasefire after weeks of war in the Middle East.
Ormuz, the key of the agreement
The Strait of Hormuz has become the main focus of conversations. This maritime corridor is essential for the global transport of oil and gas, and its partial blockade by Iran has had direct impact on energy markets and international stability.
According to sources cited by Reuters, the release of Iranian funds would be conditioned on Tehran allowing the safe transit of vessels, at a time when hundreds of vessels remain affected by the restrictions.
Negotiations under maximum tension
The conversations are taking place in Islamabad, with mediation from several countries, in a climate of mutual distrust after more than a month of armed conflict.
Iran has put on the table demands such as the lifting of sanctions and the control of the strait, while the United States insists on guarantees on maritime security and limitations on the Iranian nuclear program.
In this context, the possible release of frozen assets is interpreted as a key economic concession by Washington to move towards a broader agreement.
A two-phase agreement
The proposals on the table point to a two-stage model:
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First, a temporary ceasefire and the reopening of Hormuz
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After, a broader negotiation for a definitive agreement
This scheme would include incentives such as sanctions relief and the unblocking of Iranian funds, in exchange for strategic commitments from Tehran.
A fragile balance
Despite these advances, the process remains extremely fragile. The war, which began on February 28 after attacks by the United States and Israel, has left thousands of victims and has spread instability throughout the region.
While diplomatic contacts continue, the future of the Strait of Hormuz and the release of Iranian assets are emerging as the key pieces to unlock —or break— any peace agreement.