Iran and US reach interim agreement on asset release and de-escalation

Iranian President Masoud Pezeshkian announced an agreement with the United States to release $6 billion out of $12 billion in frozen assets currently held in Qatar. This move follows an interim agreement signed this month aimed at resolving bilateral conflicts and includes the lifting of US sanctions on Iranian oil and petrochemical products. Technical teams from both nations are scheduled to meet in Doha in the coming days to implement a memorandum of understanding. An unnamed US official confirmed that both countries have agreed to a temporary mutual suspension of attacks to ensure freedom of navigation in and around the Strait of Hormuz. Despite recent hostilities, the parties plan to continue negotiations. The US official did not confirm reports regarding a potential meeting between American and Iranian representatives. Mediation channels have been established to mitigate further incidents between the two sides.