A senior source told Al Arabiya that an agreement has been reached allowing Iran to use part of its frozen funds to purchase American agricultural products.
The source emphasized to Al Arabiya that no cash payments will be made to Iran, with funds strictly designated for buying American agricultural goods.
On Wednesday, Iran's Agriculture Minister, Gholam Reza Nouri, mentioned that the country might consider purchasing American agricultural produce if offered at reasonable prices.
Nouri asserted that using the frozen Iranian funds to buy essential goods is in Iran's interest, addressing its economic needs.
Earlier, sources informed Al Arabiya that indirect talks between the US and Iran in Doha would primarily focus on the Strait of Hormuz and regional stability. Iran is expected to receive about $3 billion of its frozen assets by the week's end. The Iranian Foreign Ministry stressed that its priority is accessing and utilizing its frozen funds as it deems fit.
Meanwhile, Qatar's Foreign Ministry announced that Iran's frozen $6 billion fund has not yet been transferred to Tehran, clarifying that it is allocated for purchasing essential goods.
Iran's Foreign Ministry also stated that it will discuss the frozen funds issue with Qatari officials in Doha, reaffirming its commitment to the terms outlined in the memorandum concerning the Strait of Hormuz.
Iran demands access to more than $100 billion, which it claims is its own but remains frozen or restricted abroad.
Though most of these funds are not based in the US, Washington holds significant influence over their fate, making this issue a crucial element in the recently signed memorandum of understanding between the two parties.
The memorandum covers not only halting conflict and security arrangements but also includes commitments to issuing waivers for Iranian oil exports and releasing Iranian assets and funds that are frozen or restricted.