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Biden admin strikes deal with Iran to swap prisoners, release $6 billion in frozen funds

The Biden administration has struck a deal with Iran to swap prisoners and release $6 billion in frozen Iranian funds. 

Per the deal, Iran will release five American citizens detained in Iran and the U.S. release five Iranian citizens being held in the U.S. 

U.S. Secretary of State Antony Blinken speaks

U.S. Secretary of State Antony Blinken speaks at the launch of the Bureau of Global Health Security and Diplomacy, in the Dean Acheson Auditorium of the US State Department in Washington, D.C., on August 1, 2023.  (SAUL LOEB/AFP via Getty Images)

The deal creates a blanket waiver to transfer $6 billion in frozen Iranian money from South Korea to Qatar without fear of violating U.S. sanctions. No money is going directly to Iran and no U.S. taxpayer funds are being used. 

The United States classifies Iran as a state sponsor of terrorism.

Secretary of State Antony Blinken signed off on the deal late last week, but Congress was not notified of the decision until Monday, the 22nd anniversary of the 9/11 terrorist attacks, according to the notification, which was obtained by The Associated Press.

“This will only greenlight Iran’s illicit actions and encourage further hostage ‘diplomacy,’” Ernest argued. “Biden’s failed strategy of appeasement must end.” 

The Associated Press contributed to this report.

Bradford Betz is a Fox News Digital breaking reporter covering crime, political issues, and much more. 

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