US releases funds to Iran as IAEA verifies compliance with nuclear deal

US officials have stated as a result of the IAEA verifying Iran's compliance with the interim nuclear deal the US has released $450 million to Iran and taken steps to resolve problems Iran allegedly had accessing some funds.
U.S. Secretary of State John Kerry (R) shakes hands with Iranian Foreign Minister Mohammad Javad Zarif after a ceremony at the United Nations in Geneva November 24, 2013. Iran and six world powers reached a breakthrough agreement early on Sunday to curb Tehran's nuclear programme in exchange for limited sanctions relief, in a first step towards resolving a dangerous decade-old standoff. REUTERS/Denis Balibouse (SWITZERLAND - Tags: POLITICS ENERGY) - RTX15QLU
US Secretary of State John Kerry (R) shakes hands with Iranian Foreign Minister Mohammad Javad Zarif after a ceremony at the United Nations in Geneva Nov. 24, 2013. - REUTERS/Denis Balibouse
laurarozen.jpg
Laura Rozen
@@LRozen

The United States said Thursday that it has released the latest tranche of $450 million to Iran based on verification by the International Atomic Energy Agency this week that Iran is complying with the terms of a six month interim nuclear deal.

The announcement came as US officials said that the US has taken steps to resolve problems Iran was alleged to have had accessing some funds.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.

Videos

See more