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What is holding the US-Iran peace deal "hostage"?

2026-05-26 20:12:34Kosova&Bota SHKRUAR NGA REDAKSIA VOX

What is holding the US-Iran peace deal "hostage"?

A total of $24 billion in frozen Iranian assets, especially $12 billion that Tehran wants to have immediately available, appears to be the final obstacle in negotiations between Iran and the United States.

According to the Iranian state news agency Fars News, negotiations are taking place through Qatar's mediation and the focus is no longer on Iran's nuclear program, but on the timing and manner of unlocking billions of Iranian dollars frozen abroad.

Reports suggest that the basic structure of an agreement – ​​dubbed by some regional media as the “Islamabad Declaration” – has been largely agreed upon.

It would include a 60-day extension of the current ceasefire, the reopening of the Strait of Hormuz, further talks on outstanding issues, and a mechanism for dealing with Iran's stockpile of enriched uranium.

However, according to Iranian sources, Tehran is seeking guaranteed access to at least $12 billion in the first phase of the deal, including about $6 billion deposited in Qatari banks, funds linked to a prisoner exchange agreement in 2023, which were then restricted by Washington after the outbreak of the regional conflict.

Here lies the main disagreement.

The United States, according to reports, wants the release of funds to be linked to a comprehensive and final nuclear deal, while Iran insists that without a concrete financial step from Washington, there will be no preliminary agreement.

"The issue of frozen funds remains the only immediate obstacle to advancing the potential memorandum of understanding," Iran International reports, citing a source briefed on the negotiations.

If agreed, the preliminary agreement is expected to provide for the tariff-free reopening of the Strait of Hormuz, while Iran would remove mines placed in the strategic maritime corridor.

In exchange, the United States would ease some sanctions on Iranian ports and oil sales, paving the way for the gradual return of Iranian energy exports to global markets.

The most sensitive issues – such as Iran's nuclear capabilities and stockpile of enriched uranium – still remain part of the negotiations.

The agreement, according to reports, will need to be approved by Iran's Supreme National Security Council before being submitted for final approval to Supreme Leader Mojtaba Khamenei.


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