Iran has warned the United States against tapping frozen Iranian assets, pointing to a 2026 agreement that sets aside 29% of those funds for reconstruction. The warning escalates a long-running dispute over billions of dollars in Iranian money held abroad under US sanctions.
The Warning From Tehran
Iranian officials issued the warning without specifying a direct consequence if the US proceeds. The frozen funds, held in several countries, have been a point of contention since the US reimposed sanctions in 2018. Tehran argues the money belongs to Iran and should be used for its own rebuilding efforts.
The 2026 Agreement and the 29% Figure
The 2026 agreement, whose full terms have not been made public, includes a provision for reconstruction financing at 29%. It is unclear whether that figure represents an interest rate on loans for rebuilding or a percentage of the total frozen funds earmarked for reconstruction. The ambiguity has fueled tensions between the two countries.
What Happens Next
The US has not yet responded to the warning. The 2026 agreement remains a key reference point for any future negotiations over the assets. Without a clear definition of the 29% clause, both sides may face further disputes.
