Tehran, May 26 (V7N)- Iran has reportedly demanded the return of $24 billion in frozen overseas assets as a precondition for advancing any potential peace agreement with the United States aimed at ending the ongoing conflict, according to Iranian media.

The state-linked Tasnim News Agency reported on Tuesday (May 26) that Tehran insists a portion of the funds must be released immediately once a draft memorandum of understanding is signed between the two sides.

Under the reported proposal, Iran is seeking the release of $12 billion in the first phase, followed by the remaining $12 billion within 60 days of initial implementation of the agreement.

The report also said that Iran’s chief negotiator Mohammad Baqer Qalibaf recently visited Qatar to discuss procedural mechanisms for implementing the financial demand as part of ongoing diplomatic talks.

The negotiations are taking place alongside broader discussions between Tehran and Washington over de-escalation measures, sanctions relief, and regional security arrangements.

Officials from both countries have not yet publicly confirmed the details of the reported financial conditions, and the talks remain ongoing amid complex geopolitical tensions.

END/SMA/AJ