Only Iran will control its unfrozen assets,' Iranian envoy says

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SWITZERLAND-US-IRAN-DIPLOMACY-WAR Iran's Minister of Foreign Affairs Seyyed Abbas Araghchi (L) and Swiss Federal Council, Ignazio Cassis take part in bilateral discussions at the Burgenstock resort in Obbuergen, near Lucerne on June 21, 2026.
SWITZERLAND-US-IRAN-DIPLOMACY-WAR Iran's Minister of Foreign Affairs Seyyed Abbas Araghchi (L) and Swiss Federal Council, Ignazio Cassis take part in bilateral discussions at the Burgenstock resort in Obbuergen, near Lucerne on June 21, 2026.
(photo credit: URS FLUEELER / POOL / AFP via Getty Images)

Iran alone will decide how to use assets that are unfrozen under a deal with the United States, an Iranian envoy said on Tuesday, denying Washington would have any control over the funds or that they must be used to buy US commodities.

The US waived sanctions on Iran for 60 days from Monday after the talks in Switzerland on turning an interim deal into a lasting peace agreement. Frozen Iranian assets worth about $12 billion are expected to be released under the initial accord.q

Iran is the only country to control its own assets when unfrozen, and any claim of influence by another is flatly rejected, Ali Bahreini, Iran's ambassador to the UN in Geneva, said on Tuesday

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