Mohammad Bagher Ghalibaf, head of the Iranian delegation to Minab 168, announced that an agreement was reached in negotiations held in Switzerland to release $12 billion in frozen Iranian assets.
He also said that Iran and the United States have reached common understandings and mechanisms on ensuring Lebanon’s sovereignty and territorial integrity.
According to Qalibaf, the two sides have agreed to establish a communication center to address potential incidents and disputes related to the Strait of Hormuz.
The Iranian parliament speaker added that sanctions on the sale of Iranian oil and petrochemical products have been temporarily suspended until a final agreement is reached.
He also announced coordination for holding possible meetings with JD Vance to follow up on the implementation of the provisions of the memorandum of understanding and resolve possible disputes.
Mr. Qalibaf stated that a special center will be established to facilitate the return of Lebanese refugees to their areas and monitor the withdrawal of Israeli forces from Lebanon; this center will also be responsible for investigating ceasefire violations and resolving disputes arising from them.
He concluded by announcing that Tehran will pursue the process of strengthening coordination and management related to the Strait of Hormuz during its upcoming visit to Oman.
Meanwhile, the head of Iran’s Central Bank emphasized that the signed agreements on the release of frozen assets do not create any obligation to purchase American agricultural products, and Iran’s access to these assets is not conditional on the purchase of American goods.
