The United States is set to ease sanctions on Iran worth up to $50 billion under a long-discussed agreement between the two countries, according to reports on June 23, 2026. The deal will allow the gradual release of previously frozen Iranian assets. Initial talks in Doha, Qatar, led to a policy agreement to release $12 billion in two phases of $6 billion each, followed by a final signing ceremony planned in Switzerland. An Iranian spokesperson confirmed that the process has already been completed.

Under the proposed framework, Iran will first gain access to $12 billion, with another $12 billion expected to be released after 60 days of further discussions. If a full and final agreement is reached, the total value of sanctions relief and released funds could reach $50 billion. However, the funds will not be provided as unrestricted cash. U.S. officials have expressed concerns that the money could support the Islamic Revolutionary Guard Corps, prompting strict conditions on its use.

The released funds are expected to be used mainly for importing food, medicine, and humanitarian goods through approved U.S.-linked financial channels. Analysts suggest that if fully implemented, the deal could bring significant relief to Iran’s economy and open new opportunities for improved relations with Western nations.