US offers Iran phased deal: sanctions relief and frozen funds for nuclear agreement

Cointime update: The United States has proposed a phased agreement to Iran that would partially lift the blockade starting with the reopening of the Strait of Hormuz, followed by gradual nuclear talks including sanctions relief and staged unfreezing of Iranian assets, diplomatic sources said Monday. Up to 30% of frozen funds could be released after a comprehensive nuclear deal is signed. Tehran has not yet responded to mediators and demands Washington first commit to lifting the blockade.