Iran unlocked today 12 billion dollars this Tuesday in frozen funds following a bilateral agreement signed with the United States in Switzerland, recovering absolute sovereignty over its national economic resources.
Iran ratified its absolute sovereignty over the newly released financial resources and initiated institutional procedures to issue licenses for crude oil sales.
The spokesperson for the Ministry of Foreign Affairs of Iran, Esmail Baghaei, confirmed on June 23 during his weekly press conference that the Persian nation can now fully manage its unfrozen financial assets.
The diplomat emphasized that Tehran will make independent decisions regarding these resources to serve national interests without any external restrictions or foreign interference.
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According to the Iranian representative, the competent national authorities will evaluate future purchases of goods and services based solely on international market prices and quality. Consequently, the Persian administration rejected any political conditioning on the use of these sovereign funds.
Sovereignty Over National Funds
The Iranian Government officially initiated the corresponding institutional procedures to issue commercial licenses for oil exports. This strategic measure will also apply to other economic sectors that previously faced severe limitations due to Western coercive sanctions, allowing the nation to inject liquidity directly into its domestic market.
Iran’s foreign ministry spokesperson Esmail Baghaei says Tehran will decide how to use previously frozen assets based on its own national interests, without US restrictions. pic.twitter.com/Da1zJOgr1R
— Al Jazeera Breaking News (@AJENews) June 23, 2026
The agreement, mediated by Islamabad, was announced on the eve by the President of the Iranian Parliament, Muhammad Bagher Ghalibaf. The legislative leader explained that the unfrozen assets total 12 billion dollars, which financial institutions will divide into two equal tranches of 6 billion dollars each. Ghalibaf emphasized that these practical steps in favor of the Iranian people are the direct result of Tehran’s firm resistance against US-Israeli aggression and its capacity to negotiate a memorandum of understanding for regional peace.
Simultaneously, the United States Department of the Treasury issued a temporary 60-day waiver, active until August 21, 2026. This administrative mechanism suspends current unilateral sanctions, legally permitting the production, delivery, sale, and transport of Iranian crude oil and petrochemical products during this period.
Regional Security and Defense
The bilateral memorandum also includes a formal commitment from Washington to facilitate the termination of the war in Lebanon. Baghaei indicated that the United States committed to this geopolitical condition, adding that both parties will negotiate further technical details regarding this regional peace initiative in the upcoming days.
Regarding regional defense, the diplomatic spokesperson stated that Iran possesses irrefutable evidence proving that certain neighboring countries actively participated in the recent military aggression against its territory. The sovereign nation condemned these hostile actions as direct violations of international law.
Consequently, the Persian nation declared that it will not permit inspectors from the International Atomic Energy Agency (IAEA) to visit the nuclear facilities that suffered damage during the recent military conflict. The parliamentary leadership concluded that this decision constitutes a necessary defensive step to protect national sovereignty and safeguard strategic infrastructure from foreign espionage.
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