Iran and the US appear to be making significant strides in their long-standing diplomatic efforts, with Tehran's top negotiator, Mohammad Ghalibaf, announcing a breakthrough agreement to unfreeze $12 billion in assets. The move marks a major concession from the US, which has imposed economic sanctions on Iran for decades. The agreement, while details remain scarce, could pave the way for further cooperation and potentially ease tensions between the two nations. The release of frozen assets is likely to have a significant impact on Iran's struggling economy, which has been hit hard by international sanctions and a sharp decline in oil prices.
Iran's top negotiator Mohammad Ghalibaf also says an agreement reached with the US to release $12bn in frozen assets.
