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Iran will sign peace deal only if US releases $24bn of frozen assets

Iran will sign a peace agreement with the United States only if $24bn (£17.8bn) worth of frozen assets are released.

Mohammad Bagher Ghalibaf, Tehran’s chief negotiator, and Abbas Araghchi, the Iranian foreign minister, delivered the ultimatum during meetings with Qatari officials in Doha.

They insisted that the Islamic Republic would not proceed with any agreement until half the frozen assets – worth $12bn – are transferred when the memorandum of understanding is announced, with the remainder released over the following 60 days.

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