The United States has agreed to waive oil sanctions on Iran and release approximately $12 billion in frozen Iranian funds. This decision is contingent upon Iran fulfilling its commitments to allow the International Atomic Energy Agency (IAEA) to conduct inspections of its nuclear facilities. The move aims to facilitate a prisoner exchange between the two countries, with several American citizens expected to be released. US officials state the funds are legally Iran’s and will be restricted to humanitarian purposes, preventing their use for supporting terrorism or destabilizing activities. The agreement represents a cautious step towards de-escalation in tensions between Washington and Tehran. Critics express concern over the potential for Iran to utilize the funds in ways contrary to US interests, despite assurances to the contrary. The deal follows months of indirect negotiations mediated by Qatar and other parties.