Iran-US prisoner swap appears in motion as nearly $6B in Iranian assets reaches Qatar

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Iran-US prisoner swap appears in motion as nearly $6B in Iranian assets reaches Qatar
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Officials say Iran and the United States will exchange prisoners on Monday after nearly $6 billion in once-frozen Iranian assets reached Qatar.

will exchange prisoners

Iranian Foreign Ministry spokesman Nasser Kanaani was the first to acknowledge the swap would take place Monday. He said the cash sought for the exchange that had been held by South Korea was now in Qatar. Kanaani made his comments during a news conference aired on state television, but the feed cut immediately after his remarks.

Iranian Foreign Ministry spokesman Nasser Kanaani speaks in Tehran, Iran, Aug. 11, 2022. Some $6 billion of Iranian assets once frozen in South Korea is in Qatar, a key element for a planned prisoner swap between Tehran and the U.S., an Iranian official said Monday. A Qatar Airways plane landed Monday morning at Mehrabad International Airport in Tehran, according to flight-tracking data analyzed by the AP.

The deal has also already opened President Joe Biden to fresh criticism from Republicans and others who say that the administration is helping boost the Iranian economy at a time when Iran poses a growing threat to American troops and Mideast allies. That could have implications in his reelection campaign as well.

The U.S. maintains that, once in Qatar, the money will be held in restricted accounts and will only be able to be used for humanitarian goods, such as medicine and food. Those transactions are currently allowed under American sanctions targeting the Islamic Republic over its advancing nuclear program.

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