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Regarding the $6 billion: I spoke to several senior officials who were involved in the unfreezing of the $6 billion to Iran in exchange for 5 US prisoners, some of whom worked under the Trump Administration and are still serving…
Those who are saying that this $6 billion that was part of the American hostage release negotiated by the Biden administration likely fueled the Hamas invasion are missing some key facts….None of the money has been spent yet. It remains in a Qatari bank under US Treasury watch.
The $6 billion was Iranian money for oil sales that was held in a South Korean bank, not U.S. taxpayer money. Under the Trump administration 4 banks worldwide were allowed to hold money from Iranian oil sales to 4 countries, including India, South Korea, and Turkey….
Under the Trump Admin deal that preceded Biden hostage deal, Iran could draw on that money for humanitarian purchases that had to be verified by the US Treasury. The money sat in a S Korean bank because it was held in South Korean won and no international banks would convert….
The money sat in a South Korean bank because it was held in South Korean won and no int’l banks would convert the won to dollars for fear of sanctions violations. This was NOT US taxpayer money.
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