US says no frozen funds will be released before Iran acts

US says no frozen funds will be released before Iran acts A senior US official said the emerging agreement with Tehran is based on a principle of “payment for performance” and mutual obligations, according to Axios. The official said Iran would not receive access to frozen assets or other benefits until it fulfilled its commitments under the agreement, underscoring the Trump administration’s position that any incentives would be tied to verified compliance. The Financial Times reported that US officials view the agreement as a pathway towards negotiations that could ultimately address and dismantle Iran’s nuclear programme. A diplomat familiar with the talks told the newspaper that the proposed 60-day negotiating period would provide benefits to both sides by extending the ceasefire, facilitating the reopening of the Strait of Hormuz and creating conditions for a new round of nuclear negotiations under reduced military pressure.