Biden administration secures prisoner swap deal with Iran, releases detained Americans
The Biden administration expects the release of five Americans detained in Iran soon, following the State Department's notification to Congress that Iran will be granted access to $6 billion in frozen funds. The funds, earned through the sale of oil and other goods under sanctions, will be transferred from a bank in South Korea to one in Qatar. The release of the Americans is part of a broader deal that also includes the release of Iranians detained in the United States. The funds can only be used for humanitarian purposes, with oversight from the U.S. Treasury, Qatar, and aid organizations.