According to Israel’s Channel 12, a proposal delivered today by Pakistan’s army chief to senior Iranian officials has received US approval, while Iran has also given preliminary consent. The report said the proposal partly addresses Tehran’s demand for the return of frozen funds by allowing the interest generated on $6 billion of Iranian money frozen in a Qatari bank to be transferred to Iran. Following the report, both major oil benchmarks moved lower in short-term trading. US crude fell by about $0.8 to $97.51 a barrel, while Brent dropped by roughly $0.8 to $105.76 a barrel. The move was linked in the report to initial US and Iranian acceptance of the Pakistan-mediated proposal.
ChainCatcher, citing Israel’s Channel 12, reported that a proposal submitted today by Pakistan’s army chief to senior Iranian officials has been approved by the United States, while Iran has also given preliminary consent.
The report said the proposal partly responds to Iran’s demand for the return of frozen funds. Under the proposal, the interest generated on $6 billion of Iranian funds frozen in a Qatari bank would be transferred to Iran.
After the report, both US crude and Brent crude fell by about $0.8 in short-term trading, to $97.51 a barrel and $105.76 a barrel, respectively. The report said the market move came as the US and Iran gave initial recognition to the Pakistan-mediated proposal.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
