Iran, U.S. to exchange prisoners, $6B in funds unfrozen for Iran

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Iran, U.S. to exchange prisoners, $6B in funds unfrozen for Iran
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Iran and the United States will exchange what is expected to be five prisoners each after some $6 billion US once frozen in South Korea reached Qatar, a key element of the planned swap, officials said Monday.

Republicans have criticized the Biden administration for freeing funds for the Iranian regimeForeign Ministry spokesperson Nasser Kanaani is shown speaking in Tehran, Iran in a 2022 file photo. Kanaani said Monday the prisoner swap with the U.S. was imminent.

Iranian Foreign Ministry spokesman Nasser Kanaani was the first to acknowledge the swap would take place Monday. He said the cash sought for the exchange was now in Qatar. Washington did not acknowledge the comments. However, a Qatar Airways Airbus A320 landed on Monday morning at Mehrabad International Airport in Tehran, where previous prisoner releases have taken place, according to flight-tracking data analyzed by the Associated Press. Qatar Airways uses Tehran's Imam Khomeini International Airport for its commercial flights.On the U.S.

The final dollar amount from Seoul could be anywhere between $6 billion to $7 billion, depending on exchange rates. The cash represents money South Korea owed Iran — but had not yet paid — for oil purchased before the Donald Trump administration imposed sanctions on such transactions in 2019. The deal has also already opened President Joe Biden to fresh criticism from Republicans and others who say that the administration is helping boost the Iranian economy at a time when Iran poses a growing threat to U.S. troops and Mideast allies.

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