Iranian Parliament Speaker Mohammad Bagher Ghalibaf has confirmed that negotiations held in Switzerland have finalized the signing process for the release of $12 billion in frozen Iranian assets. The development is being viewed as a significant outcome of recent diplomatic efforts involving Iran and international stakeholders. The release of frozen Iranian assets is expected to have major economic and political implications for the region.
Ghalibaf, who headed the Iranian negotiating team, along with Foreign Minister Abbas Araghchi, has arrived in Oman for further discussions regarding the Strait of Hormuz. Iranian officials said the talks are aimed at maintaining stability and reducing tensions in one of the world’s most strategically important waterways.
According to Ghalibaf, the parties also agreed to establish a communication mechanism for vessels operating in the Strait of Hormuz. The purpose of the arrangement is to prevent misunderstandings, avoid potential confrontations, and ensure the safe movement of maritime traffic.
The Iranian parliament speaker further stated that the Switzerland negotiations included an agreement to support and guarantee Lebanon’s territorial integrity and sovereignty. Officials described the understanding as part of broader efforts to reduce tensions and strengthen regional stability.
Reports indicate that the United States has eased certain restrictions on Iranian oil sales, allowing Iran to sell petroleum products in global markets for a limited period. Iran has also confirmed the easing of some sanctions and the restoration of certain assets. Analysts believe that the release of frozen Iranian assets and the recent diplomatic progress could have a significant impact on both regional politics and the global energy market.