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US, Iran Preliminary Deal on Release of $3 Billion in Frozen Assets
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US, Iran reach preliminary deal on release of $3 billion in frozen assets | 6 PM News Headlines | 1 July 2026
Major global developments today: The United States and Iran have reportedly reached a preliminary agreement on the release of $3 billion in frozen Iranian assets, while negotiations continue over the Strait of Hormuz under Oman's mediation. US envoys met Qatar's Prime Minister in Doha to advance talks, and Vice President JD Vance said President Donald Trump wants diplomacy to continue while keeping other options available. Meanwhile, Pakistan says it shot down four drones along the Balochistan border, Turkey says NATO remains united ahead of its summit, Trump's latest financial disclosure highlights major crypto earnings, and the UBS Global Wealth Report shows global wealth reached a record high in 2025.
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