Facing bipartisan criticism at home, the Biden administration has reportedly put a new hold of some $6 billion in Iranian funds held in a Qatari bank account in the wake of the attack by Palestinian Hamas militants on Israel that has killed more than 1,200 Israelis and foreigners.
Iran has been a longtime financial and military backer of Hamas, although the U.S. government has said it has seen no evidence yet Iran’s theocratic regime knew of or helped carry out the gruesome weekend attack.
The Washington Post, citing congressional sources, said Deputy Treasury Secretary Wally Adeyemo had told House Democrats privately that the Iranian money in Qatar had been frozen. The $6 billion represents Iranian oil revenues that were frozen in foreign bank accounts because of U.S. financial sanctions. The money was transferred to Qatar as part of a prisoner-swap deal last month between the U.S. and Iran.
Iran’s U.N. mission said the money in the Qatar accounts belongs to Tehran and that the U.S. government cannot “renege on the agreement.”
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