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Cash for Inspectors

Frozen Iranian Funds Weighed for IAEA Access

Mediators in the US-Iran talks are considering a proposal to release part of Iran's frozen funds abroad, with interest, if Tehran makes nuclear concessions that include readmitting International Atomic Energy Agency inspectors.

US President Donald Trump

Mediators in the negotiations between the United States and Iran are considering a deal that would free part of Iran's frozen funds abroad, with interest, if Tehran agrees to nuclear concessions, the Wall Street Journal reported. One such concession would be allowing inspectors from the International Atomic Energy Agency (IAEA) to return to the country.

A similar exchange has already been floated. On October 20, the Arabic-language newspaper Al-Araby Al-Jadeed described a compromise framework put forward by Pakistan and Qatar. The plan would transfer $6 billion in interest from frozen Iranian funds held in Qatari banks in exchange for an Iranian step on oversight of its nuclear program.

Sources involved in those contacts told the paper that Washington had approved the framework and that Tehran had given preliminary agreement in principle. That agreement reportedly included a secret visit by IAEA inspectors to nuclear sites.

Other reports point to a harder American line. Lebanon's Al-Akhbar reported that Pakistani army chief Asim Munir delivered a final warning from Washington during his visit to Tehran. Under that message, Iran must concede on its nuclear program before any other step is taken. If it refuses, the United States would carry out large-scale strikes aimed mainly at the nuclear facilities at Pickaxe Mountain.

Tehran has drawn red lines of its own. Mohsen Rezaee told Munir that none of Iran's enriched nuclear material would be permitted to leave the country, describing it as a strategic asset and a national treasure. He added that Iran would not return to talks with the United States until Washington met Tehran's conditions.

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