TEHRAN: Iranian Parliament Speaker Mohammad Bagher Ghalibaf has confirmed that negotiations held in Switzerland have concluded with the finalization of an agreement for the release of $12 billion in frozen Iranian assets.
According to Iranian officials, Ghalibaf and Foreign Minister Abbas Araghchi have arrived in Oman for discussions concerning the Strait of Hormuz and broader regional security issues.
Speaking on the outcome of the diplomatic engagements, Ghalibaf said the parties had agreed to establish a communication mechanism for maritime traffic in the Strait of Hormuz aimed at preventing misunderstandings, confrontations, and potential escalation in the strategically important waterway.
He further stated that the Swiss negotiations resulted in the completion of the signing process required for the release of the frozen assets. Ghalibaf also noted that the talks included an understanding to support and guarantee Lebanon’s territorial integrity and sovereignty.
Meanwhile, Iran has confirmed that restrictions on its oil sales have been eased, allowing the country to resume petroleum exports to international markets, including the United States, for a period of two months.
Iranian authorities also acknowledged that a portion of the country’s previously restricted assets has been restored.
However, U.S. Treasury Secretary Scott Bessent said sanctions related to Iranian oil transactions remain in place for countries such as North Korea, Cuba, and Ukraine, indicating that certain restrictions on the purchase of Iranian crude continue to apply.
