US and Iran agree deal on frozen assets and sanctions relief amid nuclear talks (opens in new tab)

The deal includes the release of billions of dollars in frozen Iranian assets and a temporary easing of US sanctions on Iranian oil and petrochemical exports\. Both sides have also agreed to establish communication channels to ensure safe passage in the Strait of Hormuz\. Washington says further sanctions relief will depend on Iran’s cooperation with international nuclear inspections\. Iranian officials, however, have pushed back on some of the US claims, particularly regarding conditions att...