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Iran demands release of $6B funds in Qatar under US deal

Iranian President Masoud Pezeshkian delivers remarks during the
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Iranian President Masoud Pezeshkian delivers remarks during the "Council for the Development of Quranic Culture" in Tehran, Iran, February 24, 2026. (AA Photo)
June 29, 2026 03:20 PM GMT+03:00

Iranian President Masoud Pezeshkian said Monday that $6 billion of Iran's funds held in Qatar should be released and returned to the country under an agreement with the U.S., according to the ISNA news agency.

U.S. President Donald Trump also said Monday that Iran had requested a meeting and that it would take place Tuesday in Doha, Qatar's capital.

"Iran has requested a meeting. It will take place tomorrow in Doha," Trump wrote in a post on his Truth Social platform.

"Based on the plans made, $6 billion out of a total of $12 billion of Iran's funds in Qatar should be released and returned to the country," Pezeshkian said during a meeting with Grand Ayatollah Shobeiri Zanjani.

He said the necessary "follow-ups are underway" for the return of the remaining funds.

US President Donald Trump looks on after arriving at Paris Orly Airport en route to a dinner at Orly Airport, south of Paris, June 17, 2026. (AFP Photo)
US President Donald Trump looks on after arriving at Paris Orly Airport en route to a dinner at Orly Airport, south of Paris, June 17, 2026. (AFP Photo)

Pezeshkian calls memorandum 'great victory'

Pezeshkian described the recently signed memorandum of understanding with the U.S. as "a great victory for the Iranian people."

He said oil and petrochemical sanctions "have been lifted as per the understanding."

The Iranian president also reaffirmed Tehran's longstanding position on its nuclear activities, saying late Supreme Leader Ali Khamenei had previously "clearly stated that Iran is not seeking to build nuclear weapons."

Pezeshkian said Iran continues to uphold the same position.

"We assure the international community that these activities will be used in accordance with the country's needs and within the framework of our declared policies," he said.

Deal includes Hormuz reopening, end to hostilities

Iran and the U.S. reached a memorandum of understanding on June 18 that included provisions on ending hostilities, lifting the U.S. naval blockade on Iranian ports and reopening the strategic Strait of Hormuz for global energy supplies.

The agreement also includes the release of part of Iran's funds held in Qatar, with Pezeshkian saying $6 billion out of the total $12 billion should be returned to the country under the plans made.

June 29, 2026 03:29 PM GMT+03:00
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