Qatar rejects Iran’s demand for unrestricted release of $12 billion in funds

According to a source close to a Qatari official involved in the discussions, Doha refused to transfer the funds directly or in cash to Iran. Instead, the money will only be made available as credit for Tehran to purchase essential goods and products directly from Qatar.

The restriction comes amid strong US opposition to granting Iran direct, unrestricted access to liquid financial assets.

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