Secretary of State Blinken waived sanctions on $6 billion in Iranian money.
From left to right split shows photos of Emad Shargi, Morad Tahbaz and Siamak NamaziSecretary of State Antony Blinken has signed off on a blanket waiver of U.S. sanctions that paves the way for international banks to allow the transfer of roughly $6 billion in Iran oil revenue in exchange for Iran's release of five detained American citizens, a move Congress was informed of Monday, multiple sources familiar with the matter said.
"As we have said from the outset, what is being pursued here is an arrangement wherein we secure the release of 5 wrongfully held Americans," Watson said in a statement. "This remains a sensitive and ongoing process. While this is a step in the process, no individuals have been or will be released into U.S. custody this week.
After the deal in principle was struck last month, officials anticipated that the release of the Americans would take weeks. On track with that timeline, a source advises that the Americans could be coming home as soon as next week if all continues to go to plan. It's still unclear what guardrails will be in place, but according to one senior administration official Monday, "there are lots and lots of checks in place so they can't cheat" and "the Treasury Department will have eyes on all the transactions and has veto power."
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