A former hostage in Tehran reveals details on the deal between Tehran and Washington to release US hostages in exchange for Iran’s frozen funds.
Nizar Zakka, a Lebanese who spent about four years in prison in Iran on trumped-up charges – like all foreign citizens held hostage in Iran – told Iran International that based on information he received from his sources the amount of money Iran is receiving as part of the deal is said to be over $10 billion, which includes the frozen funds in South Korea, Iraq and Japan.
He said there are conflicting reports on the amount of the money from Iranian and US sources, adding that it is not yet clear if all the frozen funds in Iraq, Japan and South Korea are included in the agreement. “It’s a lot of money,” he said, explaining that the funds will not go to the hands of the regime authorities, and are supposed to “go directly for humanitarian purposes through a third party.”
Iran has tens of billions of dollars worth of funds in foreign banks that it cannot access because of US sanctions. The funds are mostly kept in banks in South Korea ($7 billion), Iraq ($11 billion), Japan ($3 billion) as well as China and India where Iran is owed for shipments of crude and other oil products that took place before the United States pulled out of the 2015 nuclear deal and re-imposed full energy sanctions on Tehran in 2018 and 2019.
“We hope that this deal will put an end... this hostage business model that has been ongoing for so long,” added Zakka, who is the president of Hostage Aid Worldwide -- an NGO to support and help the release of people held hostage for unjust reasons.
The interview followed reports about the deal that will see five US citizens release from Iran in exchange for Iranian funds going from one restricted account to another, only be used for humanitarian purposes such as buying food or medicine.
US State Department spokesperson Matt Miller said, "We are relieved to learn that Iranian authorities have released five US citizens -- Siamak Namazi, Morad Tahbaz, Emad Sharghi (Shargi), and two individuals who at this time wish to remain private -- from prison to house arrest.” Iran's mission to the United Nations told Iranian state media that "Under the deal mediated by a third country, five Iranians jailed in the United States will be released and Iran's frozen funds in South Korea will be unblocked and transferred to Qatar."
In reaction to US Secretary of State Antony Blinken's claim that he was not aware of any other Americans still detained in Iran, Zakka said "I personally had discussion and correspondence about (US permanent resident) Shahab Dalili with (former special envoy for Iran) Rob Malley and the State Department. “Everybody is very aware about Shahab's detention in Iran. I believe it may have skipped his (Blinken's) mind at a certain moment that he forgot Shahab Dalili's case exists."
"The Levinson Act does not differentiate between a US green card holder and a passport holder. We know of at least two cases of green card holders (Shahab Dalili and Jamshid Sharmahd) being charged exactly for cooperating with the US and being a US resident," he said, emphasizing that no hostages should be left behind like what happened for Siamak Namazi in 2016. “I hope this time everybody will be home, and we'll put an end to this hostage diplomacy.”
Highlighting that the Islamic Republic took two more hostages during the course of negotiations for this deal, he criticized a lack of deterrence in the deal. “Without deterrence, the Islamic Republic's hostage-taking is going to continue and happen again because they're making money out of this and have so much leverage over the West through these hostages."
Citing sources involved in the matter and close to power circles in Iran, Zakka said the deal "has something to do with the long-range missile agreement that will end next month, and this will put a pause on this as well. This will be good to calm the situation in the region especially now with Iran's supersonic missile."
If the information is right, Iran will not resume ballistic missiles tests after the expiry of the sanctions in October, will pause testing hypersonic missiles and will not transfer ballistic missiles to Russia. These issues are the points that France, Britain and Germany are using to justify retaining ballistic missile sanctions on Iran set to expire in October under the defunct 2015 nuclear deal. In early-July, the UN Security Council held a session on the Joint Comprehensive Plan of Action (JCPOA) and the implementation of resolution 2231, whose clauses are justifying keeping the sanctions in place.
Earlier in the day, an Israeli source, who wished to remain anonymous, revealed to Iran International's correspondent in Israel that the agreement between the US and the regime is not merely a tentative understanding but a comprehensive accord.
Emphasizing that the agreement carries significant ramifications, signaling a shift beyond conventional diplomatic engagements between nations, the source said the Israeli government is concerned about the expansion of the accord, like many other critics who believe the deal would embolden Iran in its hostage taking policy.
The informed source further elaborated that the agreement encompasses more intricate details, which have not yet been disclosed.
"The reason Prime Minister Benjamin Netanyahu has refrained from commenting on this agreement thus far is that he avoids acknowledging that, during his tenure, the United States and the Islamic Republic have reached an accord," the source stated.
His remarks came just hours before The Wall Street Journal reported that Iran has significantly slowed the pace at which it is accumulating near-weapons-grade enriched uranium and has diluted some of its stockpile, citing people briefed on the matter. "Iran has diluted a small amount of 60% enriched uranium in recent weeks and slowed the rate at which it is accumulating new material."
The WSJ said that US officials had hoped Tehran would stop accumulating 60% enriched uranium as one of a series of de-escalatory steps from both sides, which included the prisoners deal.