Biden administration paves way for Iran prisoner swap deal, signing $6 billion cash waiver
Barnini Chakraborty
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The Biden administration notified Congress on Monday that it had cleared an important hurdle, paving the way for a controversial deal with Iran that would see the release of five Americans detained in the country in exchange for unfreezing $6 billion in frozen cash.
The blanket waiver would transfer the money from South Korea to Qatar without being penalized by U.S. sanctions, the Associated Press reported.
Secretary of State Antony Blinken signed off on the waiver, which will likely draw rebuke from Republicans and other critics who claim the deal would help stabilize Iran’s economy and could lead to heightened threats against U.S. troops and allies in the Middle East.
This is a developing story. Please check back for updates.