Iran Says U.S. Agreed to Unblock $12 Billion in Frozen Funds

Iran's top negotiator, Mohammad Bagher Ghalibaf, announced that the U.S. has agreed to release $12 billion in frozen Iranian funds, a significant development that could ease economic pressures on Tehran. This agreement, reportedly reached during talks in Switzerland, suggests a potential thaw in U.S.-Iran relations and opens the possibility for both nations to collaborate on regional issues like reopening the Strait of Hormuz, a critical global shipping route. The move could have far-reaching implications for Middle East geopolitics and international trade routes.