It will be interesting to see what was targeted by the Americans in this latest escalation. My bet is still on a de-escalation.
US and Iran wrangle over frozen funds as they edge toward interim deal, Iranian sources say
DUBAI, June 11 (Reuters) - Efforts to reach an interim deal to end hostilities between Iran and the U.S. have intensified, three Iranian sources and a European official told Reuters on Thursday, despite strikes launched by both sides, as the warring parties discuss how to release frozen Iranian funds.
The sources said Iran and the United States were still exchanging messages over details of a memorandum of understanding amid the
ongoing confrontation between Tehran and Washington.
The Iranian sources said a political understanding had been reached, but some issues remained to be discussed in detail, including a mechanism for the release of tens of billions of dollars of Iranian oil revenues frozen in foreign banks.
"Iran wants $6 billion to $12 billion of its frozen funds to be released to Tehran, while Washington wants to release funds in stages for humanitarian goods and rejects returning funds to Iran outright," said one of the Iranian sources.
A senior European official said: "Right now, talks are focusing very precisely on the technical details and the financial amount — in short, the level of liquidity available to Iran."