Iran says waiting for US to unfreeze $7 billion after releasing American detaineesIranian state media reports funds held by South Korea due to American sanctions will be released following finalization of negotiationsTEHRAN — Iran was awaiting the release of about $7 billion in funds frozen abroad, state media said Sunday, after it allowed an Iranian-American to leave the country and released his son from detention.Baquer Namazi, 85, was permitted to leave Iran for medical treatment abroad, and his son Siamak, 50, was released from detention in Tehran, the United Nations said on Saturday.“With the finalization of negotiations between Iran and the United States to release the prisoners of both countries, $7 billion of Iran’s blocked resources will be released,” the state news agency IRNA said.Billions of dollars in Iranian funds have been frozen in a number of countries — notably China, South Korea, and Japan — since the US reimposed biting sanctions on the Islamic Republic in 2018 after unilaterally withdrawing from Tehran’s nuclear deal with world powers.IRNA on Sunday said that “Washington is pursuing at the same time the release of its citizens detained in Tehran and the release of Iranian funds in South Korea.”BREAKING: @UN spokesperson @StephDujarric confirms that two dual-national prisoners held in #Iran Baquer Namazi and Siamak Namazi have been released from detention pic.twitter.com/epcv7ISMSm— Kourosh Ziabari (@KZiabari) October 1, 2022The development comes as on-off talks have been underway since April 2021 to revive the 2015 deal that gave Iran much-needed sanctions relief in return for curbs on its nuclear program."