Report: US, Qatar working on plan to release billions of frozen funds to Iran for humanitarian needs

The US and Qatar are developing a plan to release billions of dollars in frozen funds to Iran for humanitarian projects, the Wall Street Journal reports.

Under the plan, Tehran would initially be able to access $6 billion held in Qatar.

People familiar with the details of the plan tell the Journal that Iran’s central bank would be able to order food, medicine and other humanitarian goods using the previously frozen cash that was mainly sanctioned revenue from oil sales.

The report says that the funds would be transferred under international supervision, emphasizing that the plan is in its early stages and has not been agreed to by Tehran.

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