US-Iran Deal Sparks Confusion Over Lebanon Truce and Frozen Assets

As the world reacts to the deal announcement, some gaps are yet to be filled. | World News

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After the US and Iran announced a deal to end the nearly three-month war in the West Asia region, several questions remain unanswered.

The key questions are regarding sanctions relief for Iran and the release of its frozen assets and the ongoing Israel-Hezbollah conflict.

US President Donald Trump announced that the deal with Iran is complete and with a 'let the oil flow', Trump signalled towards the restoration of peace in the West Asia region.

However, it's easier said than done.

Confusion over Lebanon's truce has emerged as Israel's ongoing military operations in Lebanon almost derailed the peace deal between the US and Iran.

Despite an extension of the truce between Israel and Hezbollah, the rivals continued to trade strikes, resulting in a short resumption of Iranian attacks across the Gulf region.

The question of frozen assets and sanctions relief remains unclear, with reports suggesting that $12 billion will be released upon the signing of the agreement in Geneva, but US officials have denied this.

A draft of the agreement seen by Reuters includes the US allowing the release of $24 billion of frozen assets, but Iran has stated that the final negotiations will not start until half of its frozen funds are released.

The deal, once signed, would result in the reopening of the Strait of Hormuz and the end of the US' naval blockade of Iranian ports.