President Masoud Pezeshkian says Iran has reached a "good understanding" with Qatar on the $6 billion in Iranian funds that are being withheld by Doha after their release from South Korean banks.

According to The Iran Project, Pezeshkian made the remarks on Thursday upon his return to Tehran from a visit to Doha, where he attended the 19th Asia Cooperation Dialogue (ACD) summit, held talks with Qatar’s Emir Sheikh Tamim bin Hamad Al Thani, and oversaw the signing of six cooperation documents between the two countries.

“In Qatar, we have $6 billion in assets. The issue was discussed during a meeting between the governors of the two countries’ central banks, as well as the meeting with the Qatari Emir; We reached a good understanding in this regard,” he said.

In August 2023, Iran and the United States agreed to a Qatar-brokered deal to secure the release of some $6 billion of Iranian funds that had remained frozen in two South Korean banks since 2018 under the pretext of US sanctions.

The money was successfully transferred to bank accounts in Doha.