US reportedly to release $12B frozen Iranian assets before talks per Iranian state media

Channel Television reports that Mehr News Agency, citing an unconfirmed 14-point memorandum of understanding, states the US will release $12 billion in frozen Iranian assets before negotiations begin. The document specifies half of a total $24 billion must be made available during the 60-day negotiation period starting after the MoU is concluded. The report notes this has not been officially confirmed by US or Iranian authorities.

This development matters to Nigerians because Iran's oil exports directly impact global crude prices, and Nigeria's economy remains highly sensitive to oil market fluctuations—the article itself mentions crude prices plunging and stocks surging on hopes of a US-Iran peace deal. Any change in Iranian oil supply could affect Nigeria's export revenues and foreign exchange stability.

Readers should note the reliance on unverified Iranian state media reports with no independent verification mentioned. The actual release depends on MoU conclusion, which remains uncertain. Monitor official statements from US State Department or Iranian Foreign Ministry for confirmation before assessing potential impacts on Nigeria's oil-dependent economy.

SOURCE: https://www.channelstv.com/2026/06/15/peace-deal-us-to-release-12bn-in-frozen-assets-to-iran/