Iran's Revolutionary Guard announced on Monday that under the U.S.-Iran deal set to be signed this week, Iran will receive half of its approximately $24 billion in long-frozen funds before final negotiations begin during a 60-day ceasefire extension. A U.S. official stated that Iran would not receive any funds until it demonstrates compliance with the deal's terms. Israeli officials indicated that the country is not bound by the U.S.-Iran agreement regarding its conflict with Hezbollah or the withdrawal of its forces from Lebanon. President Trump mentioned that the Strait of Hormuz will reopen on Friday after the deal is signed, and the U.S. naval blockade on Iran will be lifted. Following the announcement of the agreement, Brent crude oil prices fell by more than $4 per barrel.
U.N. High Commissioner for Human Rights Volker Türk called for maximum restraint from all parties involved in the U.S.-Iran agreement, urging for its quick and good faith implementation. He welcomed the announcement of the peace deal, which includes a permanent ceasefire and a framework for further negotiations, emphasizing the conflict's impact on human rights.
The Lebanese Army warned southern residents not to return home yet due to the risk of Israeli violations and attacks. Israel's defense minister stated that the country would not withdraw its forces from southern Lebanon under the U.S.-Iran deal. The Israel Defense Forces did not announce any new operations against Hezbollah but noted that the area would be cleared of local residents and terrorist infrastructure.
Iranian news agency Fars reported that Iran could still charge fees for the transit of commercial vessels through the Strait of Hormuz under the agreement, contradicting U.S. officials. The report stated that Iran would allow fee-free passage during the 60-day negotiation period but might apply transit charges afterward. President Trump had previously stated that the agreement would ensure the Strait of Hormuz was permanently toll-free.
The Lebanese presidency welcomed the U.S.-Iran memorandum, expressing hope that it would lead to regional stability and allow Lebanon to focus on rebuilding after the conflict. Iran's Revolutionary Guard published a list of 14 points it claims are included in the memorandum, which is expected to be signed on Friday in Europe.