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Iran is planning to release three US citizens of Iranian origin in exchange for the release of funds frozen in South Korea.
It was reported by the Entekhab newspaper on Friday that; "Three dual-citizen spies will be released in exchange for Iran regaining its frozen funds in Korea, amounting to $7 billion."
The 3 individuals expected to be released are named Siamak Namazi, Bagher Namazi and Morad Tahbaz.
Iran's IRNA news agency had earlier quoted on Thursday that a considerable amount of Iran's frozen assets will be released soon.
The Iranian source confirmed that the release of these funds comes as part of a new agreement outside of the nuclear agreement.
Relations between Iran and South Korea are tense due to $7 billion in Iranian funds being frozen in 2 Korean banks due to US sanctions re-imposed after former US President Donald Trump withdrew from the historic nuclear deal with Iran in 2018.
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