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U.S. Reaches Deal With Iran to Free Americans for Jailed Iranians and Funds

The United States and Iran have reached an agreement to win the freedom of five imprisoned Americans in exchange for several jailed Iranians and eventual access to about $6 billion in Iranian oil revenue, according to several people familiar with the deal.

As a first step in the agreement, which comes after more than two years of quiet negotiations, Iran has released five Iranian American dual citizens into house arrest, according to officials at the State Department and the National Security Council.

“This is just the beginning of a process that I hope and expect will lead to their return home to the United States,” Secretary of State Antony J. Blinken said on Thursday. “There’s more work to be done to actually bring them home. My belief is that this is the beginning of the end of their nightmare.”

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