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Iran war live: Ghalibaf says US to release $12bn in frozen Iranian funds

Trump says released funds will be used to buy US produce, a claim Tehran rejected immediately.

Iranian Parliament Speaker Mohammad Bagher Ghalibaf and Iranian Foreign Minister Abbas Araqchi en route to Zurich, Switzerland, June 20, 2026. Hamed Malekpour/Iranian Parliament Speaker Office/WANA (West Asia News Agency)/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY. ISRAEL OUT. NO COMMERCIAL OR EDITORIAL SALES IN ISRAEL. NO ACCESS FOR ISRAELI MEDIA. NO USE BBC PERSIAN. NO USE VOA PERSIAN. NO USE MANOTO. NO USE IRAN INTERNATIONAL. NO USE RADIO FARDA. DIGITAL: NO USE BBC PERSIAN. NO USE VOA PERSIAN. NO USE MANOTO. NO USE IRAN INTERNATIONAL. NO USE RADIO FARDA. TPX IMAGES OF THE DAY
Video Duration 07 minutes 59 seconds 07:59

US-Iran MoU is a 'golden opportunity' to end decades of hostility: Ex-Iran negotiator

By Stephen Quillen, Caolán Magee and Umut Uras
Published On 23 Jun 2026

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  • Iran’s top negotiator Mohammad Bagher Ghalibaf says an agreement has been reached with the US to release $12bn in frozen Iranian funds.
  • This comes after the US announced a temporary easing of sanctions to allow the sale of Iranian oil and petrochemicals until August 21.