IRAN PRESIDENT SAYS COUNTRY WILL RECEIVE $6BN OF FROZEN FUNDS HELD IN QATAR

Mon 29 June 2026:

During a visit to the holy city of Qom, Iranian President Masoud Pezeshkian delivered the following remarks:

The recent agreement with the US was a significant achievement and a major victory for the Iranian people. Within the framework, sanctions on the oil and petrochemical sectors were lifted.
According to the established plan, $6bn of the $12bn of our frozen funds in Qatar will be released and returned to the country.
Our efforts will continue to recover the remaining frozen Iranian funds.
The late Supreme Leader Ayatollah Ali Khamenei declared we are not seeking to acquire nuclear weapons, and we continue to emphasise this position.
We assure the international community that our nuclear activity will be proportionate to the country’s needs and within the framework of our declared policies.

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US and Iran to resume talks after days of tit-for-tat attacks

By Rosiland Jordan reporting from Washington, DC, US

Late on Sunday, Washington, DC, time, a US official told the Axios news site that technical talks between the US and Iran will resume on Tuesday in Doha.

It follows several days of tit-for-tat military strikes between the US and Iran around the Strait of Hormuz, mainly because of disputes about how commercial ships can transit that waterway.

Trump has been criticising Iranian officials on social media, threatening a resumption of military strikes if the Iranians do not allow commercial vessels to move through the Strait of Hormuz without any impediment, financial, physical, or otherwise.

The Iranians have accused the US of violating the terms of the MoU by interfering with their ability to control traffic in the waterway, as well as trying to interfere with their right, eventually, to collect tolls from vessels transiting the waterway.

According to reports, including from Axios, US officials said the strikes by both sides will stop for the time being, and a new round of technical talks, focused specifically on commercial shipping traffic through the Strait of Hormuz, will take place.

It’s not clear how long those discussions will take place, but it certainly sends the signal that the 60-day period for negotiations, aimed at permanently ending the war, will be continuing.

48 vessels passed through Hormuz after US-Iran attacks, data shows

From Friday, June 26, to Sunday, June 28, a total of 48 vessels transited the strait during two separate timeframes.
That includes 23 oil and gas tankers and seven bulk carriers, which are specialised ships designed to transport commodities such as iron, coal, grain, fertiliser and cement.
Some 19 cargo or container ships also transited the waterway.
The number marks a drop compared with the 70 transits recorded by Marine Traffic in the strait on Wednesday, and 54 on Thursday, before the latest escalation of violence.

Oil prices climb

Oil prices have risen following days of tit-for-tat strikes by the US and Iran that again disrupted shipping through the Strait of Hormuz.

Brent crude futures climbed 58 cents, or 0.8 percent, to $72.57 a barrel at 02:07 GMT, while US West Texas Intermediate crude was at $70.11 a barrel, up 88 cents, or 1.3 percent.

This comes after Brent crude fell 10.6 percent last week, in its third weekly decline, after crude shipments through the strait rose to their highest level since the US-Israel war on Iran began in late February.

Meanwhile, the Israeli military says it has attacked three Hezbollah headquarters in southern Lebanon.

The overnight air strikes targeted Hezbollah facilities in the Nabatieh and Mayfadoun areas, the army said in a statement.

A rocket launcher that Israel said Hezbollah was using to try to target Israeli soldiers was hit in a separate strike on Sunday. “The raids came in response to Hezbollah’s continued targeting of our forces operating in the security zone,” the statement said.

On Saturday, Hezbollah Secretary-General Naim Qassem rejected a “framework agreement” signed between Lebanon and Israel under US sponsorship and called for Israel’s full withdrawal from Lebanese territory in line with the Iranian-US memorandum of understanding.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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