Iran’s Frozen Assets and Their Locations

The draft memorandum of understanding between the United States and Iran refers to Washington's promise to release Iran's frozen assets once a final agreement is reached, with Iran demanding the release of $24 billion of its funds. The amount of frozen assets ranges between $124 billion and $167 billion, roughly a quarter of Iran's projected economic output for 2024. Meanwhile, Washington emphasizes that the release of these funds depends on Iran’s commitment to the terms of the agreement. The frozen assets include funds held in South Korea, Oman, Japan, and Luxembourg, with some of these assets still subject to ongoing sanctions restrictions.

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