U.S. and Qatar unite to block Iran’s access to $6B fund.
OAN’s Abril Elfi
6:04 PM – Thursday, October 12, 2023
The United States and Qatar have reached an agreement to block Iran’s access to the recently unfrozen $6 billion fund.
Deputy Treasury Secretary Wally Adeyemo informed House Democrats on Thursday that both the U.S. and Qatari governments have agreed to deny Iran access to the $6 billion fund obtained through a prisoner swap deal with President Joe Biden.
Adeyemo did not provide a specific timeframe for how long the funds will be blocked.
As U.S. authorities investigate Iran’s potential involvement in Hamas’ terrorist attack on Israel, there has been bipartisan pressure on the administration to prevent Iran from accessing the funds.
The Biden administration has stated that the $6 billion can only be used for humanitarian purposes.
According to administration officials, Iran can only access the money through a series of steps, including oversight by the Treasury Department.
They have also stated that Iran has not utilized any of the funds in recent days, and the U.S. has the ability to re-freeze it at any time. However, there is increasing pressure on the White House to make a stronger statement that Iran will not be able to access the funds.
Critics of the White House’s plan to grant Iran access to the $6 billion argue that the money is fungible, meaning that regardless of its intended use, it could free up additional funds for terrorism.
Senator Marsha Blackburn (R-Tenn.) expressed her desire for a “formal agreement” between the governments to prevent the release of the funds.
It remains uncertain how blocking Iran’s access to the $6 billion will impact the administration’s ability to negotiate the release of other unfairly held Americans in the future.
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What is the reason behind the United States and Qatar’s agreement to block Iran’s access to the $6 billion fund?
United States and Qatar Agree to Block Iran’s Access to $6 Billion Fund
In a recent development, the United States and Qatar have reached an agreement to block Iran’s access to a $6 billion fund that was recently unfrozen. The decision was made in light of ongoing investigations into Iran’s potential involvement in Hamas’ terrorist attack on Israel. There has been bipartisan pressure on the Biden administration to prevent Iran from accessing these funds.
Deputy Treasury Secretary Wally Adeyemo informed House Democrats about the agreement on Thursday. He stated that both the U.S. and Qatari governments have agreed to deny Iran access to the fund, which was obtained through a prisoner swap deal with President Joe Biden. However, Adeyemo did not provide a specific timeframe for how long the funds will be blocked.
The Biden administration has made it clear that the $6 billion can only be used for humanitarian purposes. Administration officials have stated that Iran can only access the money through a series of steps, including oversight by the Treasury Department. They have also assured that Iran has not utilized any of the funds in recent days and that the U.S. has the ability to re-freeze it at any time. Yet, there is mounting pressure on the White House to make a stronger statement that Iran will not be able to access the funds.
Critics of the White House’s plan to grant Iran access to the $6 billion argue that the money is fungible, meaning that regardless of its intended use, it could free up additional funds for terrorism. Republican Senator Marsha Blackburn has expressed her desire for a formal agreement between the governments to prevent the release of the funds.
The decision to block Iran’s access to the $6 billion fund raises questions about the administration’s ability to negotiate the release of other unfairly held Americans in the future. It remains uncertain how this move will impact diplomatic efforts moving forward.
As the situation continues to unfold, it is important to stay informed. Subscribe to receive breaking news updates directly to your inbox for free.
Sources:
OAN’s Abril Elfi
Link: https://www.oann.com/tag/abril-elfi
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