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US makes deal with Iran to swap five American prisoners for $6billion in frozen funds

Five American citizens being held hostage by Iran will be released in return for the unfreezing of $6 billion held in South Korean banks, the U.S. government announced on Monday – enraging Biden administration critics, particular as the timing coincided with the anniversary of 9/11.

The five U.S. hostages – businessmen Siamak Namazi, 51, and Emad Shargi, 58; environmentalist Morad Tahbaz, 67; and two anonymous individuals – will be freed once the money has been transferred from South Korea to an intermediary, Qatar, and then on to Iran.

Five Iranian citizens held in the U.S. will also be released.

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