US releases $450 mn of Iran’s frozen funds 

Washington: The US has taken steps to release a $450-million installment of Iran’s frozen funds as part of an interim deal on Tehran’s nuclear programme, the State Department said Thursday.

The US took the move after a report from the International Atomic Energy Agency confirmed that Iran has completed the dilution of the agreed amount of 20 percent enriched Uranium, as stipulated in the deal it reached with world powers in November, Xinhua reported.

As Iran “remains in line with its commitments” under the deal, the US and its partners “will continue to uphold our commitments as well”, State Department spokesperson Marie Harf said at a press briefing.

Under the deal it reached with the US, Britain, France, China, Russia and Germany, Iran would halt its controversial nuclear programme in exchange for an easing of sanctions that had crippled its economy.