US reportedly persuaded Qatar to halt $6bn to Iran in breach of deal
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A contentious deal to unfreeze $6bn of Iranian oil revenues has been plunged into uncertainty.
Article originally published by The Guardian. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.
Published by
13 Oct 2023
A contentious deal to unfreeze $6bn of Iranian oil revenues has been plunged into uncertainty amid reports that the Biden administration has persuaded Qatar to withhold the funds in breach of a previous agreement following the devastating attack by the Palestinian group Hamas on Israel.
There has been mounting pressure from both Democrats and Republicans for the White House to deny Iran access to the revenues in the face of speculation over how big a role Iran played in the weekend’s attack by Hamas, Tehran’s close ally and proxy.
CBS reported that the US had reached a “quiet understanding” with Qatar – which played a mediating role in last month’s agreement that saw the release of five Americans imprisoned by Iran – to keep the funds locked in a bank account specially set up in the Gulf kingdom.
“CBS News has learned that the US reached a ‘quiet understanding’ with Qatar not to release any of the $6bn in Iranian oil money that was transferred as
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