logo

Had Iran received $6 billion that was released by the U.S. as of the start of the Israel-Hamas War?

By Tom Kertscher
NO

The U.S. unfroze $6 billion in Iranian funds held in a South Korean bank, but Iran had not received the money when Hamas attacked Israel.

Reuters, Fox News, NBC News and others quoted Biden administration officials saying Iran had not accessed the money.

Wisconsin lawmakers, including Democratic Sen. Tammy Baldwin and Republican Rep. Mike Gallagher, called for refreezing the funds while the U.S. investigates whether Iran played a role in the Oct. 7, 2023, attack.

Under a September deal, five detained U.S. citizens were allowed to leave Iran. The $6 billion was unfrozen and five Iranians held in the U.S. were allowed to leave.

Iran has long supported Hamas with material and money, according to the U.S. State Department. Foreign policy experts say that includes weapons.

On Oct. 12, a deal was reached to stop Iran from accessing the money in light of the Hamas attack, The Washington Post reported.

This fact brief is responsive to conversations such as this one.
ABOUT THE CONTRIBUTOR
Wisconsin Watch, the news arm of the nonpartisan, nonprofit Wisconsin Center for Investigative Journalism, increases the quality and quantity of investigative reporting in Wisconsin, while training current and future investigative journalists. Its work fosters an informed citizenry and strengthens democracy.
FACT BRIEF BY
facebook
twitter
email
email