Efforts to reach a preliminary or interim understanding between Iran and the United States are intensifying as talks near a potential memorandum of understanding, Reuters reports, citing three Iranian sources and a European official. The discussions are ongoing despite strikes reported as launched by both sides. Sources say the two governments continue exchanging messages while working through remaining technical details, particularly around how Iran’s access to frozen funds would be handled.

According to the reports, one focus is establishing a mechanism for the release of Iranian assets held abroad, including oil-related revenues frozen in foreign banks. Free Malaysia Today similarly states that a political understanding has been reached but that implementation details remain to be negotiated. Both accounts indicate that the mechanism—rather than the broader intent to cooperate—has become the main point of contention and scrutiny in the final stages of the interim framework.

The reporting does not provide specific dates, amounts, or the precise structure of any release mechanism, but it presents the talks as progressing toward an arrangement that would allow partial access to blocked resources under agreed terms.