Iran-U.S. prisoner swap likely set in motion as $6B of once-frozen Iranian assets reaches Qatar

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Iran-U.S. prisoner swap likely set in motion as $6B of once-frozen Iranian assets reaches Qatar
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Iran and the United States will exchange prisoners on Monday after some $6 billion once frozen in South Korea reached Qatar, a key element of the planned swap, officials said.

The planned exchange comes just ahead of the United Nations General Assembly in New York, where Iran’s hard-line President Ebrahim Raisi will speak. However, the swap won’t mean that tensions have been lowered between the U.S. and Iran, which now enriches uranium closer than ever to weapons-grade levels.

Kanaani made his comments during a news conference aired on state television, but the feed cut immediately after his remarks without explanation. The announcement by Kanaani comes weeks after Iran said that five Iranian-Americans are now under house arrest as part of a confidence-building move while Seoul allowed the frozen assets, held in South Korean won, to be converted into euros. That money was then sent to Qatar, an interlocutor between Tehran and Washington in the negotiations.

On the U.S. side, Washington has said the planned swap includes Siamak Namazi, who was detained in 2015 and was later sentenced to 10 years in prison on internationally criticized spying charges; Emad Sharghi, a venture capitalist sentenced to 10 years; and Morad Tahbaz, a British-American conservationist of Iranian descent who was arrested in 2018 and also received a 10-year sentence.The five prisoners Iran has said it seeks are mostly held over allegedly trying to export material to Iran.

Iranian government officials have largely concurred with that explanation, though some hard-liners have insisted, without providing evidence, that there would be no restrictions on how Tehran spends the money. Iran has received international criticism over its targeting of people with dual citizenship. The West accuses Iran of using foreign prisoners as bargaining chips, an allegation Tehran rejects.

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